The inclusion of the companies in the trade “Entity List” means that export licenses will likely be denied for any U.S. company trying to do business with them.
FILE - U.S. President Joe Biden, right, and Chinese President Xi Jinping shake hands before a meeting on the sidelines of the G20 summit meeting, on Nov. 14, 2022, in Bali, Indonesia. The U.S. Department of Commerce is adding 36 Chinese high-tech companies, including makers of aviation equipment, chemicals and computer chips, to an export controls blacklist, citing concerns over national security, U.S. interests and human rights. – The U.S.
Yangtze Memory Technology Co., a computer chip maker based in the central city of Wuhan, and its Japan unit were included in the list for “posing a significant risk of becoming involved in activities contrary to the national security or foreign policy interests of the United States," according to the document.
Some of the companies were included in the list for being at “risk of diversion" to other companies on the entity list or are accused of illegally exporting U.S. electronics subject to export controls to Iran for military use.
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