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.

Newsdesk

Newsdesk

Aravind Rajeev is Deputy News Editor at Asian Lite, mostly covering the Middle East and GCC. He has over eight years of experience as a journalist, with a background in ground-level reporting, crime reporting, as well as international and regional news.

Previous Story

Biden, wife to get Pfizer vaccine shots on Monday

Next Story

Is Pakistan ready to align with Israel?

Previous Story

Biden, wife to get Pfizer vaccine shots on Monday

Next Story

Is Pakistan ready to align with Israel?

Latest from -Top News

The Man In The Middle Of A World At War

From a young volunteer in Lisbon to the UN’s top diplomat, António Guterres’ journey has been shaped by politics, refugees, war and a belief in human solidarity….reports Asian Lite News Desk António

G20 Agrees to Condemn Food Weaponisation: Greer

G20 members have agreed to condemn the use of food and agricultural trade as a tool for economic or political coercion…reports Asian Lite News Desk G20 countries have reached consensus on condemning

Putin Hails Modi’s ‘Very Good’ Peace Ideas

Russian President Vladimir Putin has praised Prime Minister Narendra Modi’s efforts to promote peace in Ukraine, citing his ideas for a mutually acceptable solution…reports Asian Lite News Desk Russian President Vladimir Putin

China’s Africa mineral rush faces rights scrutiny

Africa’s critical minerals boom is drawing Chinese investment and growing scrutiny as communities raise concerns over alleged rights abuses, pollution and weak safeguards…reports Africa Daily News Desk Chinese-linked mining projects across Africa
Go toTop