12 more Chinese companies are placed on US export blacklist
- The newly sanctioned entities include quantum computing companies, semiconductor firms and Chinese businesses that have contributed ‘to Pakistan’s unsafeguarded nuclear activities’
- The Commerce Department’s move effectively blocks US businesses from selling materials and equipment to the companies
The US government added a dozen more Chinese firms to its export blacklist on Wednesday, the latest move from Washington to crack down on American business ties to China’s hi-tech defence sector.
“Global trade and commerce should support peace, prosperity and good-paying jobs, not national security risks,” US Secretary of Commerce Gina Raimondo said in a statement.
The additions to the Commerce Department’s blacklist, known officially as the entity list, include quantum computing companies, semiconductor firms and Chinese businesses that have contributed “to Pakistan’s unsafeguarded nuclear activities”.
Their placement on the list effectively blocks US businesses from selling them materials and equipment.
According to the Commerce Department, some of the firms added to the blacklist have aided the Chinese military’s “counter-stealth and counter-submarine applications, and the ability to break encryption or develop unbreakable encryption”.