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

© 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) -America is weighing sanctions on a number of Chinese language tech firms, 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 folks aware of the matter, it mentioned the commerce division’s bureau of trade and safety was contemplating including ChangXin to the so-called entity listing 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 “makes a speciality of producing commodity DRAM reminiscence chips for on a regular basis client merchandise, with a particular deal with civilian and industrial purposes.”

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 significant SMIC plant after it produced the chip powering Huawei’s Mate 60 Professional cellphone.

The efforts halted tens of millions of {dollars} value of shipments of chipmaking supplies and components from at the least one provider, Entegris (NASDAQ:).

America has moved aggressively in current 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 might strengthen its navy.