US to add over 30 Chinese companies to trade blacklist

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The Biden administration plans to place Chinese chip maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain Ameri

and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain American components, Bloomberg News reported on Tuesday .

Once a company is added to the entity list, its US suppliers must seek a special license to ship even low-tech items to it.

Source: News Formal (newsformal.com)

 

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