©Reuters. The flags of China and the United States are displayed on a printed circuit board with semiconductor chips, in this photo taken February 17, 2023. REUTERS/Florence Lo/Illustration
(Reuters) – The United States is considering sanctions on several Chinese technology companies, including chipmaker ChangXin Memory Technologies, in a bid to further curb China’s development of advanced semiconductors, Bloomberg News said on Friday.
Citing people familiar with the matter, he said the Commerce Department’s Bureau of Industry and Security was considering adding ChangXin to the so-called entity list that restricts access to U.S. technology, along with other five Chinese companies.
The department and the bureau did not immediately respond to Reuters requests for comment.
ChangXin Memory Technologies said it “specializes in manufacturing DRAM memory chips for everyday consumer products, with a specific focus on civilian and commercial applications.”
The company complies with U.S. export regulations, it said in a statement sent to Reuters on Sunday.
Reuters reported that last year the United States moved to deny American imports to a major SMIC plant after it produced the chip that powers Huawei’s Mate 60 Pro phone.
The efforts have blocked shipments of millions of dollars of chipmaking materials and parts from at least one supplier, Entegris (NASDAQ:).
The United States has moved aggressively in recent months to halt shipments of more advanced AI chips to China in an effort to prevent Beijing from receiving cutting-edge U.S. technologies that could strengthen its military.