Saturday, 17 November, 2018

Chinese Company Fujian Jinhua Integrated Circuit Company Banned from Receiving US Exports

Trump blacklists Chinese chipmaker US bans exports to Chinese DRAM maker citing national security risk
Kelvin Reese | 02 November, 2018, 09:55

New rules: The US Commerce Department said in a statement issued yesterday that Jinhua's increasing capacity to produce memory chips threatens the long-term economic viability of US suppliers. The company should soon be completing a DRAM factory that could be the largest such factory in the world. The U.S. Department of Commerce announced yesterday that U.S. companies will no longer be allowed to export goods to a Chinese DRAM maker called Fujian Jinhua Integrated Circuit Company because it believes the company "poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States".

The U.S. diplomats are concerned about mediating the problem arising out of technology transfer and intellectual property when carrying out trade talks.

Trade experts said the Trump administration's move may be an unprecedented effort to use a legal tool known for punishing foreign companies that send USA -origin goods to sanctioned countries such as Iran to instead protect the economic viability of a US firm. In turn, the companies countersued Micron in China, where courts sided with them and banned some of Micron's chips in China.

The action is similar to a Commerce Department move that almost put Chinese telecommunications equipment company ZTE Corp out of business earlier this year by cutting it off from USA suppliers.

ZTE Corp., China's second-biggest maker of telecoms equipment, faced possible bankruptcy this year after Washington imposed a seven-year ban on sales of US technology to the company over its exports to Iran and North Korea.

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Under the move, American companies without a special license are restricted to sell components to Fujian Jinhua. Micron Technology, a computer memory company in Idaho, accused Jinhua a year ago of stealing intellectual property.

The world's top two economies are already waging a tariff war over their trade disputes, with USA duties in place on $250 billion worth of Chinese goods and Chinese duties on $110 billion of US goods.

Ross said the ban would limit the company's ability to "threaten the supply chain for essential components in our military systems".

It's unclear how much of this concern is legitimate, but either way, the Department of Commerce has officially made Fujian Jinhua a no-go for US companies, which could hinder its ability to manufacture DRAM. He has imposed tariffs on a $250 billion list of Chinese exports.

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