Political Quotes

“this morning, the Biden administration announced they are taking action to counter the Chinese Communist Party's threat to our national security. Just a few moments ago, the Department of Commerce said they would formally add Wuhan-based YMTC and 35 other Chinese companies to the so-called Entity List, blocking them from purchasing critical technology from American businesses. I am glad this decision has finally arrived because I have long sounded the alarm on the economic and national security threats posed by YMTC and other CCP-backed technology companies, like CXMT and SMIC. YMTC poses an immediate threat to our national security so the Biden administration needed to act swiftly to prevent YMTC from gaining even an inch of military or economic advantage. I am glad that they are heeding our calls as well as calls from other Members on both sides of the aisle. Of course, YMTC is a well-known chip supplier for Huawei, one of the biggest companies that pose a risk to U.S. security interests. Any supplier of Huawei is no friend of the United States because the risks are too great and the entanglements of these companies with CCP and Chinese military are too treacherous. This is a necessary and prudent step by the administration. The administration's announcement also comes on the heels of my amendment with Senator Cornyn to the National Defense Act that would remove YMTC as well as SMIC and CXMT from our Federal supply chains entirely.…”