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US Cracks Down on Chinese Companies for Security Concerns & More Trending News

 

WASHINGTON — The Biden administration on Thursday stepped up its efforts to impede China’s growth of superior semiconductors, proscribing one other 36 firms and organizations from having access to American know-how.

The motion, introduced by the Commerce Department, is the newest step within the administration’s marketing campaign to clamp down on China’s entry to applied sciences that could possibly be used for army functions and underscored how limiting the circulation of know-how to international rivals has turn out to be a outstanding component of United States international coverage.

Administration officers say that China has more and more blurred the strains between its army and civilian industries, prompting the United States to put restrictions on doing enterprise with Chinese firms that will feed into Beijing’s army ambitions at a time of heightened geopolitical tensions, particularly over Taiwan.

In October, the administration introduced sweeping limits on semiconductor exports to China, each from firms throughout the United States and in different nations that use American know-how to make these merchandise. It has additionally positioned strict limits on know-how exports to Russia in response to Moscow’s invasion of Ukraine.

“Today we are building on the actions we took in October to protect U.S. national security by severely restricting the PRC’s ability to leverage artificial intelligence, advanced computing, and other powerful, commercially available technologies for military modernization and human rights abuses,” Alan Estevez, the underneath secretary of commerce for business and safety, mentioned in an announcement, referring to the People’s Republic of China.

Among essentially the most notable firms added to the record is Yangtze Memory Technologies Corporation, an organization that was mentioned to be in talks with Apple to probably provide elements for the iPhone 14.

Congress has been getting ready laws that will stop the U.S. authorities from buying or utilizing semiconductors made by Y.M.T.C. and two different Chinese chip makers, Semiconductor Manufacturing International Corporation and ChangXin Memory Technologies, due to their reported hyperlinks to Chinese state safety and intelligence organizations.

The U.S. authorities added the businesses to a so-called entity record that may severely prohibit their entry to sure merchandise, software program and applied sciences. The focused firms are producers and sellers of applied sciences that might pose a major safety threat to the United States, like superior chips which are used to energy synthetic intelligence and hypersonic weapons, and elements for Iranian drones and ballistic missiles, the Commerce Department mentioned.

In an emailed assertion, Liu Pengyu, the spokesman for the Chinese embassy in Washington, mentioned that the United States “has been stretching the concept of national security, abusing export control measures, engaging in discriminatory and unfair treatment against enterprises of other countries, and politicizing and weaponizing economic and sci-tech issues. This is blatant economic coercion and bullying in the field of technology.”

“China will resolutely safeguard the lawful rights and interests of Chinese companies and institutions,” he added.

On Monday, China filed a proper problem to the Biden administration’s chip controls on the World Trade Organization, criticizing the restrictions as a type of “trade protectionism.”

The administration mentioned that some firms, together with Y.M.T.C. and its Japanese subsidiary, had been added to the record as a result of they posed a major threat of transferring delicate objects to different firms sanctioned by the U.S. authorities, together with Huawei Technologies and Hikvision.

The Commerce Department mentioned that one other entity, Tianjin Tiandi Weiye Technologies, was added for its function in aiding China’s marketing campaign of repression and surveillance of Uyghurs and different Muslim minority teams within the Xinjiang area of China, in addition to offering U.S. merchandise to Iran’s Islamic Revolutionary Guards Corps. U.S.-based corporations will now be forbidden from delivery merchandise to those firms with out first acquiring a particular license.

Twenty-three of the entities — specifically, these supplying superior chips used for synthetic intelligence with shut ties to the Chinese army and protection business, and two Chinese firms that had been discovered to be supporting the Russian army — had been hit with even harder restrictions.

The firms will probably be topic to what’s generally known as the international direct product rule, which can lower them off from shopping for merchandise made anyplace on the earth with using American know-how or software program, which might embody most international know-how firms.

The administration additionally mentioned it could carry restrictions on some firms that had efficiently undergone U.S. authorities checks that ensured their merchandise weren’t getting used for functions that the federal government deemed dangerous to nationwide safety.

As a part of the restrictions unveiled in October, the Biden administration positioned dozens of Chinese corporations on a watch record that required them to work with the U.S. authorities to confirm that their merchandise weren’t getting used for actions that will pose a safety threat to the United States.

A complete of 25 entities accomplished these checks, in cooperation with the Chinese authorities, and thus have been faraway from the record. Nine Russian events that had been unable to clear these checks had been added to the entity record, the division mentioned.

A spokesperson for the Commerce Department mentioned that the actions demonstrated that the United States would defend its nationwide safety but additionally stood able to work in cooperation with firms and host governments to make sure compliance with U.S. export controls.

In a separate announcement Thursday morning, a authorities board that oversees the audits of firms listed on inventory exchanges to guard the pursuits of buyers mentioned that it had gained full entry for the primary time in its historical past to examine accounting corporations headquartered in mainland China and Hong Kong.

The company, referred to as the Public Company Accounting Oversight Board, mentioned this was simply an preliminary step in guaranteeing that Chinese firms are protected for U.S. buyers. But the event marked a step towards a possible decision of a yearslong standoff between the United States and China over monetary checks into public firms. It additionally appeared to lower the probability that main Chinese firms will probably be robotically delisted from U.S. exchanges within the years to come back.

Congress handed a legislation in 2020 that will have required Chinese firms to delist from U.S. inventory exchanges if U.S. regulators weren’t in a position to examine their audit stories for three consecutive years.

Erica Y. Williams, the chair of the board, mentioned the announcement shouldn’t be misconstrued as a “clean bill of health” for corporations in China. Her employees had recognized quite a few potential deficiencies with the corporations they inspected, she mentioned, although that was not an sudden consequence in a jurisdiction being examined for the primary time.

“I want to be clear: this is the beginning of our work to inspect and investigate firms in China, not the end,” Ms. Williams mentioned.

US Cracks Down on Chinese Companies for Security Concerns

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US Cracks Down on Chinese Companies for Security Concerns

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US Cracks Down on Chinese Companies for Security Concerns

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