WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry.
YMTC was added to the list over fears it could divert American technology to previously blacklisted Chinese tech giants Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and Hikvision (002415.SZ). The move, laid out in the Federal Register, will bar YMTC’s suppliers from shipping U.S. goods to it without a difficult-to-obtain license.
Here is a brief overview of some of the key actions taken as part of the package:
The Biden administration added 35 Chinese companies and one Japan-based subsidiary of a Chinese company (YMTC) to the entity list, barring their suppliers from selling them U.S. technology without a hard-to-obtain permit.
REMOVALS FROM THE UNVERIFIED LIST
The Biden administration removed 27 Chinese entities from the unverified list. Companies are added to the unverified list if the United States cannot complete on-site visits to determine whether they can be trusted to receive sensitive U.S. technology exports, inspections which in China require approval from the commerce ministry.
Reporting by Alexandra Alper, Editing by William Maclean
Our Standards: The Thomson Reuters Trust Principles.
Two Birmingham-based companies have made Fortune’s annual list of the nation’s largest corporations.Regions Financial and Vulcan Materials were part of the
BRUSSELS, June 7 (Reuters) - The European Union's antitrust watchdog said on Wednesday that it raided companies active in the synthetic turf industry in several
Typical financial planning and analysis teams spend the bulk of their time on data-gathering and administering processes. That’s because they often have
Anglo American is a leading global mining company with a broad range of future development options, providing many of the future-enabling metals and minerals fo