U.S. Blocks Exports to Chinese Chipmaker as Tensions Simmer
- Commerce announces Fujian Jinhua will be added to entity list
- Move will require licenses for all exports to Chinese company
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The Trump administration has slapped restrictions on exports to a Chinese government-backed chipmaker it says threatens U.S. national security, adding pressure to an already fraught relationship between the world’s two largest economies.
The Commerce Department said it’s blocking sales of American components to Fujian Jinhua Integrated Circuit Company Ltd., recalling a similar ban that brought telecoms gear giant ZTE Corp. to a virtual standstill. Jinhua “poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States,” the agency said.