Shanghai chip tool maker AMEC removed from US list of 'Chinese military companies'
Removal from Blacklist: Advanced Micro-Fabrication Equipment (AMEC) has been removed from the US Department of Defense’s blacklist of companies allegedly linked to China’s military. This decision comes nearly a year after it was added.
Impact of Blacklisting: The blacklist prevents listed companies from conducting business with the DOD. Despite being blacklisted, AMEC stated that its daily operations were not significantly affected.
Previous Legal Action: AMEC filed a lawsuit against the DOD, claiming the blacklisting was baseless and caused irreparable harm. The company had previously been blacklisted in January 2021 and removed in June of the same year.
Broader Context: AMEC is not the only Chinese company to be removed from the blacklist; other companies, such as Hesai, a remote sensor maker, were also removed after legal challenges.
Company Background: Founded in 2004 by Gerald Yin Zhiyao, AMEC specializes in manufacturing etching systems for semiconductor foundries. Its removal from the blacklist caused a rise in its Shanghai-listed shares.
Chinese chip equipment maker Advanced Micro-Fabrication Equipment (AMEC) has been removed from a US Department of Defense (DOD) blacklist of companies with alleged ties to China’s military, nearly a year after it was added.
The Pentagon dropped the Shanghai-based company from its list of “Chinese Military Companies operating in the US” on December 13, according to its latest filing to the US Federal Register.
In January, the DOD added AMEC and a number of other Chinese tech firms to the list because they were considered a threat to US national security. The DOD cannot purchase goods and services from companies on the list.
AMEC was removed along with Chinese investment firm IDG Capital, which was also added in January. The DOD did not give a reason for the removal of the two companies.
AMEC confirmed its removal from the list to news outlet Chinese Business Network on Wednesday, saying it did not have an impact on the company’s daily operations.
Read the full article: Tech war: Shanghai chip tool maker AMEC removed from US list of ‘Chinese military companies’
