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US mulls blacklisting CXMT to curb China's chip advance, Bloomberg News says

Published 03/08/2024, 09:55 PM
Updated 03/09/2024, 09:00 PM
© Reuters. Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

(Reuters) -The United States is weighing sanctions on several Chinese tech companies, including chipmaker ChangXin Memory Technologies, in a bid to further restrain China's development of advanced semiconductors, Bloomberg News said on Friday.

Citing people familiar with the matter, it said the commerce department's bureau of industry and security was considering adding ChangXin to the so-called entity list that restricts access to U.S. technology, along with five more Chinese firms.

The department, and the bureau did not immediately respond to Reuters' requests for comment.

ChangXin Memory Technologies said it "specializes in producing commodity DRAM memory chips for everyday consumer products, with a specific focus on civilian and commercial applications."

The company complies with U.S export regulations, it said in a statement sent to Reuters on Sunday.

Reuters has reported that the United States moved last year to deny American imports to a major SMIC plant after it produced the chip powering Huawei's Mate 60 Pro phone.

The efforts halted millions of dollars worth of shipments of chipmaking materials and parts from at least one supplier, Entegris (NASDAQ:ENTG).

The United States has moved aggressively in recent months to halt shipments to China of more advanced AI chips, in its efforts to stop Beijing receiving cutting-edge U.S. technologies that could strengthen its military.

Latest comments

The last four years has really opened my eyes to the fact that we the United States are the bad guys. Not that we weren't before the last four years, but it really took massive tyranny for me to wake up.
Ours is a democratic republic, so it sounds like you don't know what you are talking about.
  Yep, and our Democratic republic has become the bad guys.
It is not democratic republic. It is controlled by the big businesses who lobby those in power. It is a plutocracy not a democracy. It preaches free trade by itself imposes tarrifts and restrictions on others so to stay on top. Not a fair country who keeps yelling about rule by law. It is not.
These are the USA today, a beacon of Freedom, an example for the world of democracy, free trade and promotion of opportunities; fighting incessantly for the opening of markets with free movement of goods and people. Every day the opposite becomes more evident. It has become scary. Involved in all the wars in the world and creating destabilization more than peace. Vetoing in the UN and not belonging to international Justice Where is that USA, if you have to do what I say but not what I do! The world feels, we feel orphans
look at Apple and you know if without Chinese buying, the sales dropped dramatically.. soon Nvidia and other western chip makers will over supply without support of China.. when US can't compete, they will just starts destroying others..
US and China should coordinate cooperative policy instead of the restrictions and political bullying.
Americans are sore losers, they can copy others, yet restrict others from copying. Real A...holes
What right US has to impose restrictions on this and that? What special authority it commands? To me any country is entitled for growth abs advance their economy. This one country is scared to lose its grip as the number one country abs that's why it is rallying its dogs to band together and attack its safe up adversaries.
here comes another huge equities imbalance.
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