The move comes after the US Commerce Department in December
added YMTC to its so-called "Entity List", blocking the firm along
with dozens of other Chinese companies from purchasing US chip technology.
Washington has in recent months tightened restrictions on
Chinese chipmakers, citing national security concerns and the ability for the
technology to be used by China's defence sector.
According to US rules released last week, chipmakers
benefitting from a $39 billion government fund must agree not to expand capacity
in "countries of concern", including China, for a decade.
To no longer rely on foreign imports for its chips, Beijing
has sunk billions of dollars into building up its own semiconductor industry
over the past decade.
And in December, it filed a dispute with the World Trade
Organization over US chip export restrictions, accusing Washington of
protectionism and violating international trade rules.
State-controlled Chinese business news outlet Jiemian on
Thursday said the investment from the national fund was part of a capital
infusion that also included two companies backed by the government of Hubei
province, where YMTC is based.
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