U.S. Eyes Ban On CXMT To Curb China’s Chip Advance

The US is considering sanctions on several Chinese tech firms, including chipmaker ChangXin Memory Technologies (CXMT), in a bid to further restrain China's development of advanced semiconductors, Bloomberg News reported.

The Commerce Department's Bureau of Industry and Security was considering adding CXMT to the so-called entity list that restricts access to US technology, along with five more Chinese firms. I Photo: CXMT

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 US technology, along with five more Chinese firms, Reuters also reported.

CXMT 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 US export regulations, it said in a statement sent to Reuters.. The US moved last year to deny US imports to a major SMIC plant after it produced the chip powering Huawei's Mate 60 Pro phone.

WEEKLY FEATURE : Jose Mari Chan And The Christmas Anthem