Updated Dec 15, 2022, 11:23am EST
North America

Biden administration blacklists dozens of Chinese companies, including chipmaker YMTC


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The News

The U.S. Department of Commerce has added 36 companies to its entity list, including Chinese chipmaker Yangtze Memory Technologies (YMTC). The companies, 35 of which are located in China, will be restricted from purchasing technology from American companies without export permits.

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.
REUTERS/Florence Lo/Illustration/File Photo
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Know More

The entity list is part of a move by U.S. President Joe Biden to restrict China from accessing supercomputing devices for national security purposes.

In a press release announcing the addition of the companies to the entity list, Thea D. Rozman Kendler, Assistant Secretary of Commerce for Export Administration, said the new rules “further the Biden Administration’s efforts to deny the PRC access to advanced technologies for military modernization and human rights abuses.”

This week, China filed a dispute with the World Trade Organization against the U.S. over Washington's chip export controls.

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Senate Majority Leader Chuck Schumer said that YMTC poses “an immediate threat to our national security, so the Biden Administration needed to act swiftly to prevent YMTC from gaining even an inch of a military or economic advantage.”

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  • Japan and the Netherlands have agreed in principle to join U.S. efforts to restrict China’s access to advanced semiconductor technology, Bloomberg reported. The two countries host world-leading suppliers of chipmaking equipment, Tokyo Electron and ASML.