December 19, 2020
1 min read

US Blacklists Dozens of Chinese Firms

The US Department of Commerce added more than 60 other entities to the Entity List for actions deemed contrary to the national security or foreign policy interest of the country…reports Asian Lite News

US Commerce Secretary Wilbur Ross

The US government has added a dozen Chinese companies including chipmaker Semiconductor Manufacturing International Corporation (SMIC) and drone company SZ DJI Technology Co Ltd to a trade blacklist.

The US Department of Commerce on Friday said that the action against SMIC stems from China’s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex.

Also Read: Biden, wife to get Pfizer vaccine shots on Monday

The “Entity List” designation limits SMIC’s ability to acquire certain US technology by requiring US exporters to apply for a licence to sell to the company.

“We will not allow advanced US technology to help build the military of an increasingly belligerent adversary,” US Commerce Secretary Wilbur Ross said in a statement.

“Entity List restrictions are a necessary measure to ensure that China, through its national champion SMIC, is not able to leverage US technologies to enable indigenous advanced technology levels to support its destabilising military activities,” added Ross.

US President Donald Trump and Chinese President Xi Jinping

Items uniquely required to produce semiconductors at advanced technology nodes – 10 nanometers or below – will be subject to a presumption of denial.

The US Department of Commerce added more than 60 other entities to the Entity List for actions deemed contrary to the national security or foreign policy interest of the country.

The ban on drone manufacturer DJI was also aimed at restricting export of advanced US technology.

The ban was put in place through the same mechanism as the US government’s ongoing restrictions on Chinese tech giant Huawei’s products, The Verge reported.

Previous Story

US Witness Highest Jobless Claims In 3 Months

Next Story

Is Pakistan ready to align with Israel?

Latest from -Top News

Saudi ends Kafala system

Saudi Arabia scraps its decades-old Kafala sponsorship system, freeing 13 million migrant workers from restrictive employment controls and marking a major step towards fairer labour rights under Vision 2030….reports Asian Lite News

India Hails Trump’s Role in Gaza Deal

Delhi credits Washington for reviving hopes of Middle East stability…reports Asian Lite News India has praised US President Donald Trump for his role in securing the landmark Gaza agreement, saying the move

Piyush Goyal Woos German CEOs to Invest in India

Goyal is in Germany to engage with CEOs and industry leaders to boost bilateral trade and investment….reports Asian Lite News Commerce and Industry Minister Piyush Goyal met several top CEOs and industry
Go toTop