Economy

Chipmaker CXMT Sues Pentagon Over Blacklist Designation

Reuters2h
THE BRIEF
1

Chinese semiconductor firm CXMT has filed a lawsuit against the US Department of Defense, challenging its designation as a 'Chinese military company' that restricts its business operations.

2

The company argues that the blacklist is based on inaccurate information and is seeking to protect its commercial interests and global supply chain partnerships.

3

This legal challenge marks a significant escalation in the ongoing US-China chip war, as the Pentagon continues to restrict technology transfers to firms deemed a national security risk.