As early as next week, another 36 Chinese companies are expected to be added to the US Entity List, which will severely limit their access to US technology and components.
As Bloomberg reports(Opens in a new window), a person familiar with the matter said the Biden administration is planning to divulge the final list of companies soon. The only one confirmed so far is Yangtze Memory Technologies (YMTC), which at one point earlier this year was set to be a key supplier of 128-layer 3D NAND flash memory for Apple. However, Apple decided relying on YMTC was far too risky, and that decision looks set to be proved a good one.
YMTC was already on the US government’s Unverified List, which means no design, technologies, specs, or documents can be shared with the company. Back in October, the memory maker also asked all of its American employees to leave. Since then, the Chinese government has apparently been cooperating with US authorities to try and stop YMTC being added to the punitive Entity List, but it looks as though ultimately that cooperation failed.
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Once on the Entity List, a Chinese company needs to secure a special export license from the US Department of Commerce . Without it, American companies are not allowed to sell and ship certain components to them. Last year, eight Chinese quantum computing organizations were added to the list after it was determined China could use their technology for military applications.
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