In terms of chips, we can say that this is similar to another day in cold war 2.0. BTW Media found that people on Reddit were not too impressed with the announcement. But then, who knows?

  • Smic responded to being placed on a Pentagon list of entities that assist the Chinese military.
  • “YMTC is not owned or controlled by the Chinese military.”

Clear response

Smic, China’s largest memory chip maker, responded to the previous incident on Feb. 3 by saying its technology does not have military applications.The company had previously been added to the Pentagon’s list of entities assisting the Chinese military.Last week, the United States added more than a dozen Chinese companies to the list, which was created by the Defense Department to highlight those allegedly working with Beijing’s military.
In a statement to Reuters, YMTC said, “We have not provided, nor been directed by, any entity to provide our technology for military use.”

“YMTC is not owned or controlled by the Chinese military, and (we) refute any allegation that we pose a threat to U.S. national security,” it said.

The competition of science and technology in various countries seems to always compete secretly on chips. Amid strained ties between the world’s two biggest economies, the updated list is one of numerous actions Washington has taken in recent years to highlight and restrict Chinese companies that is says may strengthen Beijing’s military.
A spokesperson for the Chinese embassy in Washington said China opposed the move and called it an abuse of state power, adding that it ran counter to the U.S.’s
“alleged commitment to market competition and international fair trade.”

Also read: Netherlands pulls licence for China-bound chips, but who benefits?

Who is YMTC

YMTC is Changjiang Storage Technology Co., LTD., established in Hubei Province in July 2016. Its enterprise type is a limited liability company, its industry is science and technology promotion and application service industry, and its business scope includes: technology development in the field of semiconductor integrated circuit technology; Design, development, testing, packaging, manufacturing and sales of integrated circuits and related products; Import and export of goods, technology import and export, import and export agent.