US expands list of Chinese technology companies under export controls
abcnews.go.comThe U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips
BANGKOK — The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software.
The 140 companies newly included in the so-called “entity list” are nearly all based in China. But some are Chinese-owned businesses in Japan, South Korea and Singapore.
The revised rules were posted Monday on the website of the U.S. Federal Register for publication later this week. They also limit exports of high-bandwidth memory chips to China. Such chips are needed to process massive amounts of data in advanced applications such as artificial intelligence.
China’s Commerce Ministry protested and said it would act to protect its “rights and interests,” without giving any details.
“This is a typical act of economic coercion and non-market practice,” the ministry said in a statement.
Commerce Secretary Gina Raimondo said the move was intended to impair China's ability to use advanced technologies that “pose a risk to our national security.”
The addition of the companies to the “entity list” means that export licenses will likely be denied for any U.S. company trying to do business with them.
Washington has been gradually expanding the number of companies affected by such export controls, as the administration of President Joe Biden has encouraged an expansion of investments in and manufacturing of semiconductors in the U.S.
“The purpose of these Entity List actions is to stop PRC (Chinese) companies from leveraging U.S. technology
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