financetom
Technology
financetom
/
Technology
/
US mulls blacklisting CXMT to curb China's chip advance, Bloomberg News says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US mulls blacklisting CXMT to curb China's chip advance, Bloomberg News says
Mar 9, 2024 6:24 PM

(Reuters) -The United States is weighing sanctions on several Chinese tech companies, including chipmaker ChangXin Memory Technologies, in a bid to further restrain China's development of advanced semiconductors, Bloomberg News said on Friday.

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 U.S. technology, along with five more Chinese firms.

The department, and the bureau did not immediately respond to Reuters' requests for comment.

ChangXin Memory Technologies 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 U.S export regulations, it said in a statement sent to Reuters on Sunday.

Reuters has reported that the United States moved last year to deny American imports to a major SMIC plant after it produced the chip powering Huawei's Mate 60 Pro phone.

The efforts halted millions of dollars worth of shipments of chipmaking materials and parts from at least one supplier, Entegris.

The United States has moved aggressively in recent months to halt shipments to China of more advanced AI chips, in its efforts to stop Beijing receiving cutting-edge U.S. technologies that could strengthen its military.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exploring The Competitive Space: Taiwan Semiconductor Versus Industry Peers In Semiconductors & Semiconductor Equipment
Exploring The Competitive Space: Taiwan Semiconductor Versus Industry Peers In Semiconductors & Semiconductor Equipment
Jul 12, 2024
Amidst the fast-paced and highly competitive business environment of today, conducting comprehensive company analysis is essential for investors and industry enthusiasts. In this article, we will delve into an extensive industry comparison, evaluating Taiwan Semiconductor in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing critical financial metrics, market position, and growth potential, our objective...
A Closer Look at Broadcom's Options Market Dynamics
A Closer Look at Broadcom's Options Market Dynamics
Jul 12, 2024
Financial giants have made a conspicuous bearish move on Broadcom ( AVGO ). Our analysis of options history for Broadcom ( AVGO ) revealed 67 unusual trades. Delving into the details, we found 34% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $501,745, and 56...
The Analyst Landscape: 11 Takes On Klaviyo
The Analyst Landscape: 11 Takes On Klaviyo
Jul 12, 2024
In the latest quarter, 11 analysts provided ratings for Klaviyo ( KVYO ) , showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 5 2 0...
Market Whales and Their Recent Bets on LRCX Options
Market Whales and Their Recent Bets on LRCX Options
Jul 12, 2024
High-rolling investors have positioned themselves bullish on Lam Research ( LRCX ) , and it's important for retail traders to take note. This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LRCX often signals that someone has privileged information. Today, Benzinga's...
Copyright 2023-2025 - www.financetom.com All Rights Reserved