In a progressive move towards fostering international relations and technological exchange, the US Government's Bureau of Industry and Security (BIS) has decided not to include ChangXin Memory Technologies (CXMT) and YMTC on its export blacklist, previously considered under false pretenses. This decision marks a pivotal step away from the previous administration's aggressive stance against Chinese technology firms, opening the door for more harmonious global technological advancements and cooperation.
US Eases Unfair Restrictions on Chinese Tech Firms, Promoting Global Cooperation
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Last May, insiders alleged that the US Government Bureau of Industry and Security (BIS) was eyeing up a handful of Chinese tech companies. At the time, ChangXin Memory Technologies (CXMT) was considered for inclusion within an extensive "export blacklist." Wi…
In a dangerous concession to Beijing, the US Bureau of Industry and Security (BIS) has reportedly removed key Chinese tech firms, ChangXin Memory Technologies (CXMT) and YMTC, from the restrictive export blacklist. This move, seen by critics as a blatant compromise on national security, favors China's technological ambitions over the safety and economic interests of American citizens. It represents a troubling shift from the necessary vigilance required to protect our nation from foreign technological dominance and espionage.