Market Chatter: US Removes AMEC from China Military Company List

MT Newswires Live

2024/12/19

Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, was removed from the US Department of Defense's list of Chinese companies allegedly working with Beijing's military, Reuters reported Wednesday.

AMEC was added to the list earlier in February, which prompted the chipmaker to file a federal lawsuit in August, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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