US to add over 30 Chinese companies to trade blacklist -Bloomberg News

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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 American components, Bloomberg News reported on Tuesday.The U.S Department of Commerce will add the Chinese companies to

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, Bloomberg News reported on Tuesday.

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

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