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Factbox: Chinese companies added to U.S. entity list

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The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 'major' Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China's chip industry.

U.S. President Joe Biden coughs during a signing event for the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hocksteinand 21 "major" Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China's chip industry.

YMTC was added to the list over fears it could divert American technology to previously blacklisted Chinese tech giants Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and Hikvision . The move, laid out in the Federal Register, will bar YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain license.FRESH ENTITY LISTINGS

The Biden administration added 35 Chinese companies and one Japan-based subsidiary of a Chinese company to the entity list, barring their suppliers from selling them U.S. technology without a hard-to-obtain permit.The Biden administration removed 27 Chinese entities from the unverified list. Companies are added to the unverified list if the United States cannot complete on-site visits to determine whether they can be trusted to receive sensitive U.S.

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Better late than never I guess. We should have limited Chinese access years ago unless reciprocated

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