Bloomberg: The Chinese memory maker YMTC is possibly to get excluded from US’ Unverified List
Chinese article by 张杰
English Editor 张未名
12-07 16:31

By Li Panpan

The leading Chinese memory maker - Yangtze Memory Technologies Co.(YMTC长江存储) -on the US Unverified List might get off the list, as China’s Ministry of Commerce (MOC) is helping its domestic companies through end-use checks by the US, which Washington requires, reported Bloomberg on December 6.

Chinese firms on the Unverified List have 60 days from October 7 to show their products won’t go to a military end-use or risk being pushed onto the US Entity List, which prohibits trade with US businesses or those utilizing US-sourced technology without a license from Washington.

The leading memory maker in China, Yangtze Memory Technologies Co.(YMTC长江存储), is among the marquee names on the Unverified List, along with chip production equipment maker Shanghai Micro Electronics Equipment Group Co. (SMEE上海微电子) and a subsidiary of Naura Technology Group (北方华创). The expiry of their 60-day deadline is on December 5, however no announcement is expected on the day, according to people familiar with the matter. It’s unclear, though, which Chinese firms have undergone US checks, said the Bloomberg report.

Chinese officials convened emergency talks with local semiconductor companies, including YMTC, in the wake of those October restrictions to assess the damage and pledge support for the sector. SMEE, the Shanghai-based rival to Dutch firm ASML Holding NV, was added to the list earlier this year.

Washington has said its trade measures as closely tailored to prevent China’s military from obtaining advanced chips and technology. Outside of this point of friction, US-China trade looks on a path to set a record this year with the US already importing more than $418 billion in goods from China, according to Bloomberg.

China’s Ministry of Commerce (MOC) and the US Department of Commerce didn’t respond to requests by Bloomberg for comment.

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