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 >
The USDCHF Price is showing new negative signals- Analysis-02-02-2026
The USDCHF Price is showing new negative signals- Analysis-02-02-2026
Mar 11, 2026
The (USDCHF) price settles on gains in its last intraday trading, to test 0.7725 key resistance, accompanied by testing minor bearish trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery on near-term basis, with the emergence of negative overlapping signals from relative strength indicators,...
NetDragon Leads Government-Backed AI Push to Build Thailand's Future Workforce
NetDragon Leads Government-Backed AI Push to Build Thailand's Future Workforce
Mar 11, 2026
HONG KONG, Feb. 1, 2026 /PRNewswire/ -- NetDragon Websoft Holdings Limited (NetDragon or the Company; Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that, together with its subsidiary, EDA (Thailand), it has joined forces to drive a government-backed AI initiative aimed at building Thailand's future-ready workforce by linking education, skills development, and productivity through...
Former NYSE Specialist Floor Trader from Goldman Sachs and His Student Teach SPX Zero DTE Options Trading in 14-Day Masterclass
Former NYSE Specialist Floor Trader from Goldman Sachs and His Student Teach SPX Zero DTE Options Trading in 14-Day Masterclass
Mar 11, 2026
George Town, Cayman Islands, Jan. 31, 2026 (GLOBE NEWSWIRE) -- Image: https://newsroom.submitmypressrelease.com/system/media_files/images/000/068/428/original_jpeg/pasted-image.jpg What happens when a former Goldman Sachs and New York Stock Exchange trader mentors a serial entrepreneur with 25 years of programming and data analytics experience? The answer is Q ALGO 9.1 — a comprehensive trading system now available through Coffee With Q  - IKIGAI Trading Academy's Zero...
NZDUSD begins its recovery-Analysis-02-02-2026
NZDUSD begins its recovery-Analysis-02-02-2026
Mar 11, 2026
The (NZDUSD) price rose in its last trading on intraday levels, after bearish corrective journey to look for higher low to use it as a base that helped it to gain the bullish momentum that supported it to achieve the last gains amid the continuation of dynamic support that is represented by its trading above EMA50, reinforcing the stability and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved