"Adding Chinese Companies Including YMTC to Blacklist... US to Announce Possibly This Week"

[Asia Economy Reporter Jeong Hyunjin] The Biden administration in the United States is reportedly planning to place more than 30 Chinese companies, including Yangtze Memory Technologies Co. (YMTC), a leading Chinese memory semiconductor company, on a trade blacklist, Bloomberg News and others reported on the 13th (local time).

Bloomberg and others cited multiple sources, reporting that the blacklist is expected to be announced as early as this week.

[Image source=Reuters Yonhap News]

This comes two months after the Biden administration announced export control measures on Chinese semiconductors last October. The U.S. announced export control policies on advanced semiconductors and AI semiconductors to China and placed 31 Chinese companies on the 'unverified list,' designating them as provisional export control targets.

Companies on the unverified list undergo a 60-day verification period. During this time, the targeted companies must prove that they are not involved in activities threatening U.S. national security. In particular, they must provide detailed information about the end users of the products they manufacture. However, if they fail to prove this during the process, they will be placed on the U.S. trade sanction 'export control list (entity list).'

Earlier, on the 7th, Alan Estevez, U.S. Deputy Secretary of Commerce, stated at a think tank event that the Chinese government had begun allowing U.S. officials to investigate companies following the U.S. semiconductor export control measures. He said, "The Chinese Ministry of Commerce is providing more information," and added that it remains to be seen how long these changes in China will last.

However, it appears that the U.S. government has ultimately decided to place Chinese companies on the blacklist. Bloomberg reported, "If a company's name is on the blacklist, it is blocked from purchasing technology from U.S. companies without special export licenses from the U.S. Department of Commerce," and noted that these measures are escalating tensions between the economic superpowers, the U.S. and China.

YMTC, expected to be included on the blacklist, is a leading Chinese memory semiconductor company. The U.S. Congress has been voicing calls for months to place YMTC on the blacklist. YMTC was reportedly about to supply NAND flash memory for Apple's iPhones intended for the Chinese market, but due to the possibility of being included on the blacklist, the component supply was ultimately blocked.

This content was produced with the assistance of AI translation services.