Robert Besser
27 May 2023, 12:44 GMT+10
Representative Mike Gallagher, chair of the U.S. House of Representatives committee on China, says that after Beijing banned the sale of some chips made by US company Micron Technology earlier this week, the Commerce Department should also place restrictions on Chinese memory chip maker Changxin Memory Technologies (CXMT).
Responding to Beijing's move, White House press secretary Karine Jean-Pierre told reporters on Tuesday the Chinese announcement on Micron was "not based in fact," the Commerce Department was "engaged directly" with China over the issue.
On Tuesday, Senate Majority Leader Chuck Schumer, the top Democrat in the Senate, also said he is discussing the situation with the broader business community and allies.
Gallagher, an influential lawmaker whose select committee on China has pressed the Biden administration to take tougher stances on China, is the only lawmaker to call for retaliatory action so far.
In a statement, he said the US "must make clear to the People's Republic of China (PRC) that it will not tolerate economic coercion against its companies or its allies."
"The Commerce Department should immediately add ChangXin Memory Technologies to the entity list and ensure no US technology, regardless of specifications, goes to CXMT, YMTC, or other PRC firms operating in this industry," he added.
CXMT is China's leading maker of DRAM memory chips, while chipmaker Yangtze Memory Technologies Corp (YMTC) has been placed on the US blacklist list December 2022.
The Commerce Department must ensure "no US-export licenses granted to foreign semiconductor memory firms operating in China are used to backfill Micron, and our South Korean allies, who have experienced exactly this kind of Chinese Communist Party (CCP) economic coercion firsthand in recent years, should likewise act to prevent backfilling," Gallagher said.
Analysts believe CXMT's chips are two to three generations behind industry leaders Micron and South Korea's Samsung and SK Hynix.
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationSEOUL, South Korea: Marking a tougher stand against North Korea, South Korea held its first large-scale military parade in over ...
WASHINGTON D.C. After hundreds of deaths overseas from contaminated cough syrups, the U.S. Food and Drug Administration (FDA) has cracked ...
EL PASO, Texas: Over the weekend, Oscar Leeser, Mayor of El Paso, said that the surge in migrants crossing the ...
HONG KONG: This week, Ronson Chan, chairman of the Hong Kong Journalists Association, was sentenced to five days jail for ...
WASHINGTON D.C.: In an interview with Reuters this week, U.S. commander General Chance Saltzman said the United States Space Force ...
As it did last year, the 2023 United Nations General Assembly has been debating what role the United Nations and ...
LONDON, UK: In August, global production of primary aluminum hit an all-time high, with production running at an annualized rate ...
NEW YORK, New York - Easing pressure on U.S. Treasury yields boost stocks on American markets Thursday. Gains however were ...
DEARBORN, Michigan: Due to concerns about its ability to operate competitively while it is locked in broader union contract negotiations, ...
OTTAWA, Canada: As part of its plan to capitalize on strong travel demand and deploy fuel-efficient airplanes, this week, Air ...
LONDON, UK: This week, Adidas' newest running shoes, the Adizero Adios Pro Evo 1, went on sale for US$500. Worn ...
NEW YORK, New York - U.S. stocks remained on a slippery slope on Wednesday as interest rates continued to hover ...