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US Mulls Blacklisting CXMT to Further Curb China’s Chip Advance

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 b...

Read more at bloomberg.com

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