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The U.S. Added More Chinese Tech Companies to the Entity List

Well-known Chinese news site Sina (NASDQ: SINA) recently reported that the U.S. Department of Commerce has included an additional 28 Chinese companies and research institutions in the so-called Entity List on the grounds of national security and foreign policy interests. The Chinese companies added this time include Inspur Group (a Server hardware supplier), Loongson Technology (a leader in the CPU design field), 4Paradigm Technology (an artificial intelligence provider), BGI Research (genetic research), Suzhou Centec Communications (an Ethernet exchange chip designer), and a number of others. According to the regulations of the U.S. Department of Commerce, companies included in the Entity List must obtain authorization from the U.S. government to obtain U.S. products and technologies. Inspur Group, is a major player in China’s cloud computing, big data, hosting, and the artificial intelligence market. It depends heavily on Intel’s technology for its services. When contacted by reporters for comment, several companies said they were still assessing the situation and impact . A Chinese Foreign Ministry spokesperson commented earlier that the United States has repeatedly generalized the concept of national security, abused export control measures, adopted discriminatory and unfair practices against companies from other countries, and politicized and weaponized economic, trade and technological issues.

Source: Sina, March 3, 2023