US Hits China with Sweeping Tech Export Controls
The controls will hit Chinese companies in multiple ways. They will bar US companies from exporting critical chip manufacturing tools to China, which will affect groups such as Semiconductor Manufacturing International Corp, Yangtze Memory Technologies Co and ChangXin Memory. They will also prohibit US citizens and companies from providing any kind of direct or indirect support for semiconductor fabrication plants in China.
The US also put YMTC — along with 30 other Chinese entities — on a list of “unverified” companies, paving the way for possible inclusion on a separate blacklist called the “entity list” that would effectively bar US companies from supplying them with technology.
“The administration’s strategy is to deny China the capability to indigenise its semiconductor industry. If the US is successful, this causes a huge problem for Beijing’s strategy to be a world-class player,” said Martijn Rasser, a security and technology expert at the Center for a New American Security, a think-tank.
Keith Krach and Biden “Chief Technology Protection Officer” Alan Estevez Discuss Advancing Freedom Through Trusted Tech
The Atlantic Council and the Krach Institute for Tech Diplomacy at Purdue jointly hosted an exclusive briefing featuring U.S. Under Secretary of Commerce for Industry and Security Alan Estevez and Global Tech Security Commission co-chair and former Under Secretary of State Keith Krach.
The US Government controls exports of sensitive equipment, software and technology as a means to promote our national security interests and foreign policy objectives.