The Biden administration intends to blacklist 36 Chinese language firms together with YMTC, and Beijing expects to speculate 1 trillion yuan within the unbiased growth of the semiconductor business

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(Central Information Company) US media reported at this time (14) that President Biden’s administration plans to place China’s main reminiscence chip producer YMTC and 35 different Chinese language firms on a commerce blacklist to stop them from shopping for sure US parts.

The report quoted folks aware of the matter as saying that the U.S. Division of Commerce will add Chinese language firms to the so-called entity checklist as quickly as this week.

As soon as an organization is included within the Entity Checklist, even for low-tech merchandise, U.S. suppliers nonetheless have to use for added licenses earlier than they will ship to it.

YMTC declined to remark, and the U.S. Commerce Division didn’t instantly reply to a Reuters request for remark.

Dozens of Chinese language firms, together with YMTC, “could” be included within the commerce blacklist as early as December 6, in accordance with a speech by a Ministry of Commerce official seen by Reuters final month.

Two months in the past, the US introduced strict export management measures, including 31 firms together with Yangtze River Storage to the “unverified checklist”, making it tougher for China to acquire and produce cutting-edge semiconductors and exacerbating tensions between the US and China.

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