The stand-off between the world’s two superpowers continued this week as the US banned exports to a Chinese tech manufacturer on national security grounds.
As of October 30, Fujian Jinhua Integrated Circuit Company will be added to the Entity List because it poses a “significant risk of becoming involved in activities that are contrary to the national security interests of the United States.”
The Fujian-based DRAM maker is nearing completion of a vast $5.7bn wafer-manufacturing plant, which will help drive the Made in China 2025 strategy of self-reliance. Chips are one key area where the country’s leaders believe it is too reliant on US parts at the moment.
By Phil Muncaster
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