US blacklists about 60 more Chinese firms including top chip maker SMIC and drone manufacturer DJI
- Commerce Department announces about 60 Chinese companies are added to the so-called entity list
- Chinese drone giant DJI is also being added to the blacklist, says a senior Commerce official
The Commerce Department announced that about 60 Chinese companies were added to the so-called entity list that will require American firms to request a license to do business with these companies.
“We will not allow advanced US technology to help build the military of an increasingly belligerent adversary,” said Commerce Secretary Wilbur Ross in a Friday statement.
“Between SMIC’s relationships of concern with the military industrial complex, China’s aggressive application of military civil fusion mandates and state-directed subsidies, SMIC perfectly illustrates the risks of China’s leverage of US technology to support its military modernisation,” said Ross.
Secretary of State Mike Pompeo said on Friday that “today’s actions mark yet another sign of our resolve” to use “all countermeasures available” to prevent Chinese companies and institutions “from exploiting US goods and technologies for malign purposes”.
