The U.S. will add more than 30 Chinese companies to its trade blacklist.
Tuesday that the Biden administration plans to put Yangtze Memory Technologies (YMTC) and 35 other Chinese companies on a trade blacklist that would stop them from buying certain American parts.
The Chinese companies will be added to a list called “Entity List” by the U.S. Department of Commerce as soon as this week, a report said, citing a person who knows about the matter.
Once a company is added to the entity list, its U.S. suppliers must get a special licence to ship even low-tech items to it.
Related: Following the most recent Chinese import curbs, Taiwan is considering filing a WTO challenge.
YMTC didn’t want to say anything, and when Reuters asked the U.S. Department of Commerce for a comment after business hours, they didn’t answer right away.
In prepared remarks seen by Reuters last month, a U.S. Commerce Department official said that dozens of other Chinese companies, including YMTC, were “at risk” of being added to a trade blacklist as soon as Dec. 6.
In October, YMTC was added to a list of 31 companies that U.S. officials haven’t been able to inspect, which made things worse with Beijing.