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US blacklists Chinese chipmaker, plans major crackdown on AI chip sector

News Snapshot:

Washington: The United States administration on Thursday put Chinese memory chipmaker YMTC and 21 other major Chinese players in the artificial intelligence chip-manufacturing industry on a trade blacklist, broadening its crackdown on China’s chip-making industry. YMTC, has been on the radar of the US government for a long time. It was added to the trade blacklist over fears that it could divert US technology to previously blacklisted Chinese tech giants Huawei and Hikvision. The move, laid out in the Federal Register, will bar YMTC’s suppliers from shipping American goods to it without a difficult-to-obtain license. The 21 Chinese AI chip…

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