AMD claims as fake news the Wall Street Journal expos\u00e9 about the company selling x86 technology to China.\r\n\r\nThe WSJ report suggested that AMD\u2019s sudden turnaround can be traced back to its partnership with China. Prior to its decision to deal with China, the chip manufacturer has been in the red for a long time.\r\n\r\nBut suddenly, in just three years, it managed to rake in profits and has become one of the most profitable businesses around. However, the report written by Kate O\u2019Keefe claimed that the US is alarmed by this partnership.\r\n\r\nThe report cited the joint venture agreement between Sugon Information Industry and AMD. The problem is that Sugon is backed by the Chinese government and is supplying supercomputers to the military.\r\n\r\nThe JVA resulted in cash infusion to the AMD amount to $293 million in royalties and licensing fees. Later, AMD received another cash infusion amounting to $371 million.\r\n\r\nBut AMD wasn\u2019t the only one to benefit from the JVA. What it did was to bring China\u2019s fledgling superconductor industry to the level where it could compete with the US. The report pointed to the x86 CPU technology as the \u201cgame changer\u201d for China.\r\n\r\nHowever, AMD blasted the article for peddling false facts. In a statement, the company claimed that the report contained \u201cfactual errors\u201d or \u201comissions,\u201d which doesn\u2019t provide the whole picture.\r\n\r\n[embed]https:\/\/www.youtube.com\/watch?v=--l_pAUqI2w[\/embed]\r\n\r\nWhile the company confirmed its joint venture agreement with Tianjin Haiguang Advanced Technology Investment Co. Ltd. (THATIC), it didn\u2019t sell the x86 technology to China.\r\n\r\nThe statement said that the company has always been transparent about its JVA with other companies, not just with THATIC.\r\n\r\nAMD added that it worked closely with the US Department of Defense and the Department of Commerce before finalizing the JVA with China. The contract was studied and reviewed by the pertinent agencies, and they didn\u2019t report of any red flags. The company also said that the technology they offered to China has a \u201clower performance\u201d compared to the processors commercially available in the US market.\r\n\r\nNevertheless, THATIC was one of the Chinese companies blacklisted by the Trump administration over security concerns. The ban restricts these Chinese companies from buying technology developed by US firms without approval from the US government.\r\n\r\nThe other companies blacklisted by the US were Sugon, Chengdu Haiguang Microelectronics Technology, Chengdu Haiguang Integrated Circuit, Wuxi Jiangnan Institute of Computing Technology, and Higon.\u00a0In May, Huawei was added to the blacklist.