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

The Biden administration approved more than US$23 billion worth of licenses for companies to ship US 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.

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