US Expands List of Chinese Technology Companies Under Export Controls: ABC News

In a move that could have far-reaching implications for the global technology industry, the United States has expanded its list of Chinese technology companies that are subject to export controls. The decision, announced by the US Department of Commerce, comes amid ongoing tensions between the two economic giants over trade and technology.

The list now includes a total of 34 Chinese companies, including some of the country’s biggest technology firms such as Huawei, Hikvision, and Semiconductor Manufacturing International Corporation (SMIC). The companies on the list are believed to be involved in activities that are contrary to US national security or foreign policy interests.

The expansion of the list means that US companies will now have to obtain a license before exporting certain products to the listed Chinese companies. This could have a significant impact on the operations of these companies, as many of them rely on US technology and components for their products.

The move by the US is likely to further escalate tensions between the two countries, which have been engaged in a bitter trade war for the past few years. China has already condemned the decision, calling it a “naked act of bullying” and vowing to take necessary measures to protect the interests of its companies.

The decision also comes at a time when the global technology industry is already grappling with the impact of the COVID-19 pandemic, which has disrupted supply chains and led to a slowdown in demand for many tech products.

As the US expands its list of Chinese technology companies under export controls, the repercussions of this decision are likely to be felt not just in the tech industry, but also in the broader global economy. The move could further strain relations between the US and China and have a lasting impact on the future of technology and trade between the two countries.