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Saturday, January 28, 2023

The United States draws the hammer: 36 Chinese technology companies will enter its blacklist

The White House is planning to impose trade sanctions on 36 Chinese companies, including the country’s top chip maker, Yangtze Memory Technologies. Another step by the United States to encircle China’s technology sector and a little more pressure on an eternal conflict.

These 36 companies will be part of the black list (Entity List, as the government calls them) and are prohibited from doing business with US suppliers unless they have a special export license from the US Department of Commerce.

This is the latest effort by the United Statesstop chinese companies that Washington considers a threat to national security, buy american technologyIncluding chips, semiconductors and other computer components.

In October, the administration announced sweeping restrictions on semiconductor exports to China for US companies and those operating overseas that use US technology to make those products.

A ban that started with Huawei

This entity list designation is the same as the one previously assigned to Huawei by the US government. And we already know the detrimental consequences for the Chinese telco’s smartphone business (it had to sell it to Honor).

yangtze memorylocated in wuhan, Has become the largest memory chip producer in China And it was reportedly in talks to supply chips to Apple before being halted in October due to US pressure.

Earlier this year, the Financial Times reported that Yangtze Memory violated US export sanctions by supplying Huawei with memory chips for its smartphones, which is why the US decided to take action.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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