US to add over 30 Chinese companies to trade blacklist: report

Published December 14, 2022
Flags of US and China are seen in this illustration picture taken on August 2. — Reuters
Flags of US and China are seen in this illustration picture taken on August 2. — Reuters

The Biden administration plans to place Chinese chip-maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that would prevent them from buying certain American components, Bloomberg News reported on Tuesday.

The US Department of Commerce would add the Chinese companies to a so-called ‘Entity List’ as early as this week, the report said, citing a person familiar with the matter.

Once a company is added to the entity list, its US suppliers must seek a special licence to ship even low-tech items to it.

YMTC declined to comment and the US Department of Commerce did not immediately respond to Reuters’ request for comment outside business hours.

Dozens of other Chinese entities, including YMTC, were “at risk” of being added to a trade blacklist as soon as Dec 6, a US Commerce Department official said in prepared remarks seen by Reuters last month.

In October, 31 entities — including YMTC — were added to a list of companies that US officials have been unable to inspect, ratcheting up tensions with Beijing.

The Biden administration in October also published a sweeping set of export controls that vastly expanded its reach in its bid to slow Beijing’s technological and military advances.

It included a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Unquiet Lebanon
Updated 21 Jun, 2026

Unquiet Lebanon

Either Israel must silence its guns and withdraw from all of Lebanon, or face isolation and boycott from the international community.
Mothers at risk
21 Jun, 2026

Mothers at risk

FOR years, efforts to reduce maternal deaths have focused heavily on postpartum haemorrhage — the severe bleeding...
Political budget
21 Jun, 2026

Political budget

THE KP budget does not read like a document of a province getting its fiscal house in order. Revenue is projected at...
Pakistan’s moment
Updated 20 Jun, 2026

Pakistan’s moment

Pakistan’s diplomats are second to none, and if these states seek to engage this country constructively, a new modus vivendi for the subcontinent can be reached.
Menacing water plans
20 Jun, 2026

Menacing water plans

IN April last year, India suspended the decades-old Indus Waters Treaty, which contains no provision allowing it to...
World Refugee Day
20 Jun, 2026

World Refugee Day

WORLD Refugee Day, observed today around the globe, marks 75 years since the adoption of the 1951 convention ...