Biden blacklists China's YMTC, crackdowns on AI chip sector

Biden blacklists China's YMTC, crackdowns on AI chip sector

FILE PHOTO: U.S. President Joe Biden coughs during a signing event for the CHIPS and Science Act of 2022, on the South Lawn of the White House in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hockstein

The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry.

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