The Biden administration added Chinese memory chipmaker YMTC and 21 'major' Chinese players in the artificial intelligence chip industry to a trade blacklist.
U.S. President Joe Biden coughs during a signing event for the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hockstein
. The move, laid out in the Federal Register, will bar YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain license. As the Chinese government seeks to remove barriers between its military and civilian sectors, "U.S. national security interests require that we act decisively to deny access to advanced technologies,” Assistant Secretary of Commerce for Export Administration Thea Kendler said in a statement.
A total of 35 Chinese entities were added to the U.S. trade blacklist, known as the entity list, as well as YMTC's Japan-based subsidiary.
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