Caixin
Dec 18, 2021 06:43 AM
BUSINESS

U.S. Blacklists 34 More Chinese Entities for Alleged Support to Iran

Changsha Jingjia Microelectronics Co. is the first Chinese maker of graphics processing units added to the U.S. entity list.
Changsha Jingjia Microelectronics Co. is the first Chinese maker of graphics processing units added to the U.S. entity list.

The U.S. government added 34 more Chinese companies and research institutes to an export blacklist for allegedly diverting U.S. goods to Iran’s military programs.

The U.S. government’s entity list bans the export of American technology to entities on the list unless the exporter receives a government license. The U.S. Commerce Department’s Bureau of Industry and Security (BIS) also imposes a presumption of denial for the entities in license reviews.

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