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US-China tensions

U.S. to add Chinese chipmaker YMTC to trade blacklist

Company and others may go on 'entity list' as early as this week

U.S. Secretary of Commerce Gina Raimondo speaks to the press at the White House in September.   © Reuters

WASHINGTON (Financial Times) -- The Biden administration is set to put chipmaker Yangtze Memory Technologies on a trade blacklist, in the latest U.S. effort to target Chinese technology companies that it believes threaten its security.

The U.S. commerce department will place YMTC and other Chinese companies on its "entity list" as early as this week, according to three people familiar with the plan. U.S. groups are barred from selling technology to companies on the list unless they have a hard-to-obtain export license.

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