Senator Tom Cotton urges Trump ban Chinese chipmaker CXMT/Image: Reuters
“CXMT, one of Communist China’s national memory chip champions, poses a growing risk to our economic prosperity and military superiority,” Cotton wrote. US Senator Tom Cotton has urged the Trump administration to impose tighter restrictions on Chinese memory chip manufacturer ChangXin Memory Technologies (CXMT), arguing that the company’s growing presence in the global market could threaten American economic and military interests. Such a designation would significantly restrict the company’s access to US technology and limit American businesses’ ability to conduct transactions with it. He urged the administration to prevent the Chinese manufacturer from gaining a stronger foothold in the global market. The company is already named on the US Department of Defense’s 1260H list, which identifies Chinese companies with links to Beijing’s military. However, this listing does not impose the same restrictions on American businesses as the Commerce Department’s Entity List. He called for further measures to restrict the company’s access to financial and technological resources, arguing that these could strengthen its supply chain and undermine American growth.
In a letter sent on Thursday to Commerce Secretary Howard Lutnick, which was obtained by CNBC, the Republican senator from Arkansas asked the department to add CXMT to the Bureau of Industry and Security’s Entity List.