US considers blacklisting CXMT to slow China’s chip progress

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US considers blacklisting CXMT to slow China's chip progress
US considers blacklisting CXMT to slow China's chip progress

The US is mulling sanctions against a number of Chinese technology businesses, including chip-maker CXMT, in an effort to severely restrict China’s development of advanced semiconductors.

The United States is considering sanctions against many Chinese technology companies, including chip-maker ChangXin Memory Technologies, in an effort to further limit China’s development of advanced semiconductors.

According to persons familiar with the case, the commerce department’s bureau of industry and security is considering adding ChangXin to the so-called entity list, which restricts access to US technology, along with five other Chinese enterprises.

The department and bureau did not immediately respond to any questions.

The company claims that it “specializes in producing commodity DRAM memory chips for everyday consumer products, with a specific focus on civilian and commercial applications.”

The corporation conforms with US export restrictions, according to a statement emailed on Sunday.

The United States pushed last year to prohibit American imports from a large SMIC (0981.HK), which opened a new tab plant after producing the chip that powers Huawei’s Mate 60 Pro phone.

The actions blocked shipments of chip-making supplies and parts worth millions of dollars from at least one supplier, Entegris (ENTG.O.) (opens a new tab).

In recent months, the United States has taken aggressive steps to prohibit shipments of more advanced AI processors to China in an effort to prevent Beijing from getting cutting-edge US technologies that could bolster its military.

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