Biden cuts off China's Yangtze, 30 others from US chipmaking gear
Yangtze Memory Technologies Company is one of more than two dozen Chinese companies and institutions targeted in the Biden Administration’s latest round of export restrictions on semiconductor tech.] early on Friday, the US Commerce Department added 31 Chinese firms to its “Unverified List,” effectively barring them from importing controlled US goods – in this context, American chip design and manufacturing tools – over fears they may be used to undermine US foreign policy or national security.
According to the Dept of Commerce, the decision to expand US export controls on Chinese companies was made because its regulators were unable to determine how goods were being used once imported, due in part to obstruction by the Chinese government. The export ban primarily targets Chinese chip, biomedical, and chemical companies, as well as several national universities, including the Chinese Academy of Science, University of Shanghai for Science and Technology, and Shanghai Tech University.
However, one of the largest chipmakers on the list is YMTC, a major manufacturer of DRAM and NAND memory for the Chinese market.both Apple and YMTC received after reports surfaced that the iPhone maker may source chips from the Chinese memory vendor.told"It knows the security risks posed by YMTC. If it moves forward, it will be subject to scrutiny like it has never seen from the federal government.
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China's Yangtze among dozens cut off from US chipmaking kitBiden cuts off China's Yangtze, 30 others from US chipmaking gear
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