Exclusive-Chinese chip firm should go on U.S. trade blacklist, after Micron ban — lawmaker By Reuters

© Reuters. FILE PHOTO: U.S. Consultant Mike Gallagher (R-WI) walks to a Home Everlasting Choose Committee on Intelligence assembly on Capitol Hill in Washington, U.S., February 7, 2023. REUTERS/Elizabeth Frantz

By Stephen Nellis and Karen Freifeld

WASHINGTON (Reuters) – The U.S. Commerce Division ought to add Chinese language reminiscence chip maker Changxin Reminiscence Applied sciences (CXMT) to a commerce blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Know-how Inc (NASDAQ:), the chair of the U.S. Home of Representatives’ committee on China mentioned on Tuesday.

The restrictions this week by China’s our on-line world regulator in opposition to Micron, the largest U.S. reminiscence chipmaker, had been the newest in a widening commerce dispute between the world’s two largest economies.

“America should clarify to the PRC (Folks’s Republic of China) that it’s going to not tolerate financial coercion in opposition to its corporations or its allies. The Commerce Division ought to instantly add ChangXin Reminiscence Applied sciences (CXMT) to the entity listing and guarantee no U.S. expertise, no matter specs, goes to CXMT, YMTC, or different PRC corporations working on this trade,” Consultant Mike Gallagher mentioned in an announcement.

YMTC, which refers to Yangtze Reminiscence Applied sciences Corp, is a Chinese language chipmaker placed on the entity listing December 2022.

The highly effective lawmaker additionally added that “no U.S.-export licenses granted to international semiconductor reminiscence corporations working in (China) are used to backfill Micron, and our South Korean allies, who’ve skilled precisely this type of CCP (Chinese language Communist Social gathering) financial coercion firsthand in recent times, ought to likewise act to forestall backfilling,” Gallagher mentioned.