The U.S. Commerce Department's expansion of the "entity list" includes 140 Chinese tech companies, limiting exports of essential chip-making technologies and memory chips.
China's Commerce Ministry decries the U.S. actions as economic coercion, asserting intentions to protect its rights and interests following the U.S. export control expansion.
Commerce Secretary Gina Raimondo explained that the motivations behind this decision are to hinder China's access to advanced technologies that threaten U.S. national security.
Matthew S. Axelrod emphasized that the Entity List actions aim to prevent China from using U.S. technology for advanced semiconductor production and military advancements.
#us-commerce-department #export-controls #chinese-technology-companies #national-security #semiconductors
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