US approved $23 billion worth of licenses to ship US tech to blacklisted Chinese companies early last year- lawmaker

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

(Corrects typographical error in headline) The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday.McCaul also said the C

The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. technology to blacklisted Chinese companies in the first quarter of last year, Republican Congressman Michael McCaul said on Tuesday.

McCaul also said the Commerce Department, which oversees export controls, denied only 8 per cent of license requests to sell to those companies during the January to March period last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia blocks Chinese investment in rare earths firm citing national interest -executiveSYDNEY : Northern Minerals Ltd on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on grounds of national interest.Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its own
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Australia blocks Chinese investment in rare earth firm citing national interest -executiveSYDNEY :Northern Minerals Ltd on Tuesday said Australia's government has blocked the heavy rare earths producer's largest shareholder, China's Yuxiao Fund, from increasing its investment on grounds of national interest.Yuxiao Fund sought Foreign Investment Review Board approval in August to raise its ownershi
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »