Chinese companies hit by U.S. trade restrictions

Chinese companies hit by U.S. trade restrictions
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Islam News – The U.S. restricted 36 companies and organizations from accessing American technology that could be used for military purposes, in its latest effort to impede China’s development of advanced semiconductors.

In October, the U.S. announced sweeping limits on semiconductor exports to China, both from American companies and those in other countries that use U.S. technology.

U.S. officials say that China has increasingly blurred the lines between its military and civilian industries. In response, Chinese diplomats said that the U.S. “has been stretching the concept of national security” and “abusing export control measures.”

Details: Yangtze Memory Technology Corporation, which was said to be in talks with Apple to potentially supply components for the iPhone 14, is on the list.

Related: Years of Covid restrictions have left behind a collective trauma, Li Yuan writes. Some now want the government to apologize for its hard-line approach, a quixotic hope.

Source: The New York Times

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