The U.S. Commerce Department has added 140 Chinese technology companies to its “entity list,” expanding export controls to include those involved in making computer chips and chipmaking tools. The new rules also restrict exports of high-bandwidth memory chips to China, which are crucial for advanced applications like artificial intelligence. China’s Commerce Ministry has protested, calling the move “economic coercion,” while U.S. Commerce Secretary Gina Raimondo cited national security concerns. The companies on the entity list will likely be denied export licenses for U.S. business, as Washington aims to stop China from using American technology to advance its semiconductor industry. China has criticized the U.S. for seeking “technology hegemony” and using “long-arm jurisdiction” to block Chinese access to American suppliers. This has prompted China to invest heavily in developing its own technology, despite being behind in some areas. Japanese chip makers saw their stock prices surge following the announcement, while Chinese companies included in the list saw their stock prices drop. The move reflects ongoing tensions between the U.S. and China over technology dominance and national security concerns.
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Commerce Department expands list of technology companies from China subject to export controls as penalty
