US considers blacklisting CXMT to curb China’s chip progress

The US is considering sanctions on several Chinese tech firms, including chip manufacturer ChangXin Memory Technologies (CXMT), as a measure to restrain China’s progress in advanced semiconductors, Bloomberg reported on March 9. Sources familiar with the matter revealed that the US Commerce Department’s Bureau of Industry and Security is considering adding ChangXin to the entity list, which restricts access to US technology, alongside five other Chinese companies. Both the department and the bureau have yet to respond to this matter. On March 10, ChangXin said it specializes in producing commodity DRAM (dynamic random access memory) chips for daily consumer products, focusing on civilian and commercial applications. The company emphasized compliance with US export regulations in a statement to Reuters. [Reuters]

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