The US launched new export restrictions targeting China's semiconductor industry, including adding 140 companies to its trade blacklist.
Among those added are partially state-owned semiconductor equipment manufacturer Naura Technology (SHE:002371), as well as chip toolmakers Piotech (SHA:688072) and ACM Research (SHA:688082), according to a list published in the Federal Register.
The new entrants on the Entity List include semiconductor fabrication plants and tool manufacturers as well as investment companies "acting at the behest of Beijing to further [China's] advanced chip goals which pose a risk to US and allied national security," the US Bureau of Industry and Security said in a Monday release.
The rules also included new controls on 24 types of semiconductor manufacturing equipment and three types of software tools for developing or producing semiconductors, new controls on high-bandwidth memory, and new red flag guidance to address compliance and diversion concerns.
These actions are aimed at directly impeding China's military modernization, weapons of mass destruction programs, and ability to repress human rights, said Matthew Axelrod, assistant secretary for Export Enforcement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.