Suppliers to two blacklisted Chinese companies—telecom giant Huawei and China’s top chipmaker SMIC—were approved to receive billions of dollars worth of licenses for U.S. technologies shipments between November and April, documents released by the House Committee on Foreign Affairs on Oct. 21 detail. Some 301 licenses worth a total of $103 billion were approved for suppliers to sell goods to Huawei and SMIC, according to the documents prepared by the Commerce Department. Huawei and Semiconductor Manufacturing International Corp (SMIC) were put on a U.S. trade blacklist, known as the “entity list,” in May 2019 and December 2020 respectively over national security concerns. Their addition means that American companies seeking to sell to them must apply for a license with the department. Huawei equipment was also previously banned from use by the federal government over security concerns. SMIC is the largest manufacturer of semiconductor chips in mainland China and is known …
Billions Worth of American Tech Licenses Approved for Blacklisted Chinese Companies
October 21, 2021
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CCPChinaforeign affairsHuaweiMichael McCaulmilitarysemiconductorssmictechnologytradeUnited StatesUS-China relations
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