China Relents, Lets U.S. Export Control Inspect 3D NAND Maker YMTC

The U.S. administration says that the Chinese government allowed U.S. export control inspections of People’s Republic’s high-tech companies that were placed on its Unverified List in October , according to a report from the Financial Times . This move seems designed to ensure that Chinese 3D NAND company YMTC does not get placed on the Department of Commerce’s “Entity List,” which would severely damage the company’s ability to procure equipment from American companies. YMTC and a number of Chinese high-tech companies were placed on the Unverified List in early October because the U.S. government could not verify whether their products (or products made using their products) ended up in the hands of China’s military. Once a company is placed on the Unverified List, it has 60 days to prove its products do not break any rules. If the company cannot prove this within 60 days, it is placed on a trade blacklist called the “Entity List” and, in the case of YMTC, is denied the use of any American technology. Normally, the Chinese government refuses to allow U.S. export controls inspectors access to domestic companies. However, the government made an exception in the case of YMTC and some other firms… Read full this story

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