Caixin
Dec 16, 2022 04:05 AM
BUSINESS

U.S. Blacklists More Chinese Tech Companies, Escalating Trade Fight

The latest restrictions are part of a push to limit China’s access to advanced semiconductor chipmaking and artificial intelligence technology
The latest restrictions are part of a push to limit China’s access to advanced semiconductor chipmaking and artificial intelligence technology

(Bloomberg) — The U.S. government blacklisted Yangtze Memory Technologies Co., Shanghai Micro Electronics Equipment Group Co. and dozens of other Chinese tech companies, ratcheting up a trade conflict between the world’s two largest economies.

The Department of Commerce added the companies to its so-called entity list, meaning that anyone seeking to supply them with U.S. technology will require a license from Washington, which will most likely be difficult to get.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code