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Stock impact report

US lawmakers raise concerns over Intel's testing of tools made by Chinese-linked firm [Yahoo! Finance Canada]

ACM Research, Inc. - Class A (ACMR) 
Last acm research, inc. - class a earnings: 3/18 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.acmrcsh.com
WASHINGTON, March 4 (Reuters) - A bipartisan group of U.S. lawmakers led by Democratic Senator Elizabeth Warren and Republican Tom Cotton on Wednesday raised national security concerns over ?Intel's testing of chipmaking tools made by ACM Research, as first reported by Reuters. ACM Research , ?a Fremont, California-based producer of chipmaking equipment, has deep roots in China and two overseas units that were targeted by U.S. sanctions. ?Its customers include sanctioned Chinese companies such as YMTC, CXMT and SMIC, sparking questions over whether ACM could pass sensitive information from Intel to Chinese customers, the lawmakers said. "By operating in Intel's facilities, ACM could gain exposure to cutting-edge chipmaking processes that may materially improve the quality and competitiveness of ACM and Chinese military companies," ?the lawmakers said in a letter ?to Intel CEO Lip-Bu Tan dated Wednesday. Intel said in a statement that "ACM tools are not used in Intel's semicondu Show less Read more
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