Wednesday, June 12

Tag: YMTC

U.S. lawmakers urge White House to include YMTC in ‘entity list’

U.S. lawmakers urge White House to include YMTC in ‘entity list’

economical, economy
According to reports, U.S. lawmakers are urging the White House to include Yangtze Memory Technologies Co. (YMTC) on the "entity list" due to allegations of violating U.S. export controls by supplying chips to Huawei. YMTC is one of several Chinese technology companies that have come under scrutiny in the United States for security concerns. The "entity list" is maintained by the U.S. Department of Commerce and includes companies or organizations that are believed to pose a risk to national security or violate U.S. export control regulations. Being placed on the list imposes restrictions on U.S. companies exporting goods or technology to the listed entities. The concerns regarding YMTC's alleged supply of chips to Huawei are rooted in the ongoing trade tensions and security considera...