Biden blacklists China's YMTC, crackdowns on AI chip sector

The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China's chip industry, Qazet.az reports.

YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously blacklisted Chinese tech giants Huawei Technologies Co Ltd [RIC:RIC:HWT.UL] and Hikvision (002415.SZ). The move, laid out in the Federal Register, will bar YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain license.