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Caixin Global
Caixin Global

Business Brief (Aug. 31): Chinese Chipmaker CXMT Sues U.S. Defense Department

CXMT Corp. filed a lawsuit Friday against the U.S. Department of Defense, demanding its removal from a blacklist.

The company said its chips are for civilian and commercial use, not military purposes, and that the U.S. designation is incorrect.

The lawsuit was filed in the U.S. District Court for the District of Columbia, with U.S. Secretary of Defense Pete Hegseth also listed as a defendant.

NEWS SUMMARY

Lithium prices rebounded by nearly 30% in the first half of the year, driving significant net profit growth for major players.

The number of beds in China’s medical and health institutions declined for the first time in 30 years.

Two national standards for the classification and registration of data assets will take effect Sept. 1.

Contact editor Lin Jinbing ([email protected])

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