AMEC: Officially removed from the CMC list by the U.S. Department of Defense
DATE:  Dec 19 2024

K Figure 688012_0

On December 19, AMEC Semiconductor Equipment (Shanghai) Co., Ltd. (stock code: 688012) announced that the U.S. Department of Defense has officially removed AMEC from the Chinese Military Companies List (hereinafter referred to as the "CMC List") on December 18, 2024 (EST).

On January 14, 2021, the U.S. Department of Defense unjustifiably included AMEC in the list of "Chinese Communist Party Military Enterprises" (CCMC). After more than four months of argumentative arguments, the U.S. Department of Defense removed AMEC from the list on June 3, 2021.

On January 31, 2024, the U.S. Department of Defense once again added AMEC to the list of "Chinese Military Enterprises" (CMC) operating in the United States for no reason.

AMEC firmly believes that it is completely unreasonable for the US Department of Defense to include AMEC in the CMC list, in order to suppress China's semiconductor equipment head enterprises and curb the development of China's integrated circuit industry. AMEC also firmly believes that through effective communication and even legal action, the US Department of Defense will correct the wrong decision and remove AMEC from the CMC list.

On August 14, 2024, AMEC formally filed a lawsuit against the U.S. Department of Defense in the U.S. District Court for the District of Columbia. After four months of litigation and further arguments, the U.S. Department of Defense officially removed AMEC from the CMC list. This marks a significant achievement in AMEC's efforts to clarify the facts and safeguard its legitimate rights and interests and reputation.

Yin Zhiyao, Chairman and General Manager of AMEC, said, "We welcome this decision by the US Department of Defense, which will be conducive to the healthy development of AMEC. The successful removal from the CMC list fully demonstrates AMEC's determination and ability to protect its legitimate rights and interests. AMEC will, as always, operate legally and compliantly, adhere to technological innovation, product differentiation and intellectual property protection, provide high-quality products and first-class services to Chinese and international customers, and strive to become a world-class semiconductor equipment company in terms of competitiveness, customer satisfaction and market scale. ”

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