US to add over 30 Chinese companies to trade blacklist: report

WASHINGTON, 15 December 2022, (TON): The Biden administration plans to place Chinese chip-maker Yangtze Memory Technologies and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain American components.

The US Department of Commerce would add the Chinese companies to a so-called ‘Entity List’ as early as this week, the report said, citing a person familiar with the matter.

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

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