The U.S. government is once again blacklisting Chinese companies. 36 companies are involved, including chip manufacturer Yangtze Memory Technologies (YMTC).
US blacklisted companies cannot do business with US suppliers without a license. They are also strictly controlled. According to Bloomberg News Agency, the US Department of the economy is already adding Chinese companies to the trade list this week. The ministry and YMTC did not want to go into the issue.
In October, 31 Chinese companies have already been added to a list of companies that US officials have not been able to inspect. As a result, tensions between the United States and China have increased. President Joe Biden’s administration recently presented new export rules. They are intended to slow down China’s technological and military progress.
For example, US chip companies must stop supplying certain equipment to industry peers that are completely in Chinese hands. Also, the Americans want to prevent foreign companies from selling advanced chips to China.
About the author: Rick Culpepper
Rick Culpepper is of those journalists who dig the topic to the very bottom. He is often late with the delivery of the piece, but always does it perfectly. In his spare time, he collects data for one of the most high-profile investigations of corruption in the EU.