Tuesday, August 2, 2022

Schumer and 7 bipartisan senators demand that China’s “Yangtze River Storage” be blacklisted

Senate Majority Leader Chuck Schumer joined other lawmakers in calling for Chinese memory giant Yangtze Memory Technologies (YMTC) to be added to the trade blacklist.

written on 28 julyMinistry of CommerceIn a letter to Gina Raimondo, Schumer and six other senators from both sides described how semiconductor manufacturers like YMTC on the other hand are important to national security and the United States.WaferThe company is “bullishly threatened”.

According to Reuters, the letter said, “Without including YMTC on the entity list, the US Department of Commerce will allow China to use our technology industry to supply approved components in the region.”

The United States imposes export controls on companies on the Commerce Department’s trade blacklist. Chinese telecommunications equipment manufacturerHuaweiIt was added to the list in 2019, and letters from Schumer and others alleged that YMTC provided chips for Huawei, undermining the effectiveness of the sanctions.

In addition to Schumer, senators who signed the letter include Democrat Mark Warner of Virginia and Republican Representatives John Cornyn and Macro Rubio, Ida of Texas. James Rich and Mike Crapo in Holland and Bill Haggerty in Tennessee.

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