Bipartisan Group of Senators Pushes Commerce Department to Restrict China’s YMTC
As Chinese military-backed chipmaker YMTC continues to depend on American technology to gain market share in the semiconductor sector, seven U.S. Senators have sent a letter to Commerce Secretary Gina Raimondo characterizing the company as an “immediate threat” and urging it to be placed on the Commerce Department’s Entity List – meaning American firms would be banned from selling key technologies to YMTC. While senators including Bill Hagerty, Marco Rubio, and Mark Warner have long raised the dangers of YMTC and called for placement on the Entity List, this letter represents the most definitive and bipartisan statement from Congress to date on the issue, with Senate Majority Leader Chuck Schumer, Senators John Cornyn, James Risch, and Mike Crapo joining Hagerty,… Read More