US Mulls Blacklisting CXMT to Curb China’s Chip Advance
- Huawei’s tech progress alarmed Biden administration officials
- CXMT is a leading memory-chip maker in China and Micron rival
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The Biden administration is weighing sanctions on several Chinese tech companies, including memory chipmaker ChangXin Memory Technologies Inc., according to people familiar with the matter, in a fresh bid to restrain the Asian country’s development of advanced semiconductors.
The US Commerce Department’s Bureau of Industry and Security is considering adding ChangXin to its so-called Entity List, which restricts companies’ access to US technology, said the people, who asked not to be identified because the conversations are private. BIS is also considering restricting five other Chinese firms, the people said, while emphasizing that the list isn’t final.