US Bans Exports To Chinese DRAM Maker Citing National Security Risk (zdnet.com)
An anonymous reader quotes a report from ZDNet: The Trump administration on Monday announced it was banning U.S. exports to a Chinese semiconductor firm named Fujian Jinhua Integrated Circuit Company, citing national security concerns. In a statement released by the U.S. Department of Commerce (DoC), officials said the Chinese chipmaker posed "a significant risk of being or becoming involved, in activities contrary to the national security or foreign policy interests of the United States." DoC officials are now barring US companies from selling any products to Fujian Jinhua, which was recently nearing completion of a new dynamic random access memory (DRAM) factory project. "When a foreign company engages in activity contrary to our national security interests, we will take strong action to protect our national security. Placing Jinhua on the Entity List will limit its ability to threaten the supply chain for essential components in our military systems," said Wilbur Ross, Secretary of Commerce.
They are involved in IP theft. https://www.nytimes.com/2018/0...
All rather rich coming from Wilber Ross former vice chair of the bank of cypress.
"Jinhua is nearing completion of substantial production capacity for dynamic random access memory (DRAM) integrated circuits. The additional production, in light of the likely U.S.-origin technology, threatens the long term economic viability of U.S. suppliers of these essential components of U.S. military systems."
If competition is now a national security issue what isn't? Is there any limit to what controls designed to prevent export of Nuclear and military technology be used for? I understand the Micron drama but it's an abuse to misuse export controls in this way for revenge.
Ever since Trump declared Canada to be a threat to national security, it's really hard to take these declarations seriously.
I wonder what deal is he trying to wrangle from the company. Maybe he needs more investments in his golf courses and hotels.