Home Business News US mulls blacklisting CXMT to curb China’s chip advance, Bloomberg Information says By Reuters

US mulls blacklisting CXMT to curb China’s chip advance, Bloomberg Information says By Reuters

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US mulls blacklisting CXMT to curb China’s chip advance, Bloomberg Information says By Reuters

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© Reuters. Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, on this illustration image taken February 17, 2023. REUTERS/Florence Lo/Illustration

(Reuters) -The US is weighing sanctions on a number of Chinese language tech corporations, together with chipmaker ChangXin Reminiscence Applied sciences, in a bid to additional restrain China’s growth of superior semiconductors, Bloomberg Information mentioned on Friday.

Citing individuals accustomed to the matter, it mentioned the commerce division’s bureau of business and safety was contemplating including ChangXin to the so-called entity checklist that restricts entry to U.S. know-how, together with 5 extra Chinese language companies.

The division, and the bureau didn’t instantly reply to Reuters’ requests for remark.

ChangXin Reminiscence Applied sciences mentioned it “focuses on producing commodity DRAM reminiscence chips for on a regular basis client merchandise, with a particular give attention to civilian and industrial functions.”

The corporate complies with U.S export rules, it mentioned in a press release despatched to Reuters on Sunday.

Reuters has reported that america moved final 12 months to disclaim American imports to a serious SMIC plant after it produced the chip powering Huawei’s Mate 60 Professional telephone.

The efforts halted tens of millions of {dollars} value of shipments of chipmaking supplies and elements from a minimum of one provider, Entegris (NASDAQ:).

The US has moved aggressively in latest months to halt shipments to China of extra superior AI chips, in its efforts to cease Beijing receiving cutting-edge U.S. applied sciences that would strengthen its navy.

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