Chinese chip tool maker AMEC sues US defence department over ‘military company’ designation

Quick Summary:

Chinese chip tool maker Advanced Micro-Fabrication Equipment has filed a lawsuit against the US defence department over suggestions it is tied to the Chinese military, demanding it be removed from a blacklist.

Such designation was wrong and groundless,” AMEC’s chairman and CEO Gerald Yin Zhiyao said in a statement posted on Chinese social media platform WeChat on Friday.

Subsidies to AMEC rose nearly 22 per cent last year to 124.4 million yuan (US$17.4 million).

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Article Details

Author / Journalist: Xinmei Shen

Category: Technology

Markets: Hong KongChina

Topics: Lawsuit According Removed Amec Year Military Chinese Maker Company List Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 18:30:16 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22098649

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