US Senator Calls for Market Ban on Chinese Chipmaker CXMT

In a letter sent to Commerce Secretary Howard Lutnick, Senate Intelligence Committee Chairman Tom Cotton called for the exclusion of Chinese memory chip manufacturer CXMT from the US market. Cotton's move stands out as one of the reflections of the technology competition between the US and China in the semiconductor field. The senator's letter signals that restrictive steps against Chinese chipmakers may be on the agenda. The source text does not provide details on the specific grounds cited against CXMT in the letter. The Commerce Department has not yet made a statement on the matter. The request is seen as part of the US policy toward Chinese-origin players in the semiconductor supply chain. It remains uncertain when and to what extent a possible restriction on CXMT's activities in the US market would be implemented. Not investment advice.

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The news includes a call for a potential US market ban on Chinese chipmaker CXMT; such restrictions could create a competitive advantage for US memory manufacturers and may be perceived as positive for MU in the short term. However, the news is at the level of a senator's call and not yet a concrete policy step, so the impact may remain limited. On the technical side, the price is above SMA20 and SMA50, MACD is above the signal, and RSI at 57 is not in overbought territory; this indicates room for upward movement. Nevertheless, the sharp 15% rise in the last 24 hours increases the risk of short-term profit-taking. Therefore, I assess the direction as moderately positive and keep confidence at a medium level.

RSI 14

57.3

MACD

17.20

24h Δ

14.95%

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