Index Investing News
Friday, May 22, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

U.S. adds four Chinese tech companies to trade blacklist for helping China’s military

by Index Investing News
April 13, 2024
in Financial
Reading Time: 1 min read
A A
0
Home Financial
Share on FacebookShare on Twitter


In the midst of escalating tensions between the United States and China, the U.S. Commerce Department has blacklisted four Chinese companies for their alleged role in providing artificial intelligence (AI) chips to bolster China’s military advancements. 

This move forms part of the U.S. government’s broader initiative to curb using sensitive American technology for military purposes within China.

The companies affected by the recent blacklist imposition include Linkzol (Beijing) Technology Co, Xi’an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co, the TOI reported. 

These companies were among the 11 additions to the Commerce Department’s Entity List this week, a designation that significantly obstructs their access to American goods and technology.

Kevin Kurland, an official overseeing export enforcement, said that the banned companies allegedly procured U.S. AI chips for integration into Chinese military systems. Consequently, the U.S. has opted to impose constraints on the export of advanced semiconductors and chip-manufacturing equipment to China.

China swiftly falsified these accusations, with Foreign Ministry spokesperson Mao Ning denying them as blatant efforts to “contain and suppress” Chinese enterprises. 

In return, China has vowed to undertake the required measures to safeguard its interests in light of the U.S. actions.

Additionally, the U.S. has also imposed export restrictions on five other companies allegedly involved in facilitating drone production for Russia’s activities in Ukraine and Iranian actions in the Red Sea. 

China has strongly criticised these measures by the U.S, arguing that they disrupt normal economic collaboration with Russia. 



Source link

Tags: addsblacklistChinasChinesecompanieshelpingMilitarytechtrade
ShareTweetShareShare
Previous Post

New capital requirements for Swiss banks will slow growth at UBS, says finance minister By Reuters

Next Post

How Third Point and Saddle Point may help boost margins at Advance Auto Parts

Related Posts

TDV: Technology Dashboard For May (BATS:TDV)

TDV: Technology Dashboard For May (BATS:TDV)

by Index Investing News
May 15, 2026
0

This article was written byFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience...

Microsoft Israel chief leaves amid ethical controversy

Microsoft Israel chief leaves amid ethical controversy

by Index Investing News
May 11, 2026
0

Last week Microsoft Israel, the local marketing and sales office of the US software giant, announced the departure of...

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

Dabur India net up 16% at ₹362 crore in March quarter, revenue up 7.3%

by Index Investing News
May 7, 2026
0

Mohit Malhotra, Global CEO, Dabur India Dabur India posted a consolidated net profit of ₹362 crore in the March quarter,...

A .5 Billion Contract Isn’t Enough Without Profits

A $7.5 Billion Contract Isn’t Enough Without Profits

by Index Investing News
May 3, 2026
0

Quick Read Jim Cramer said no to Applied Digital (APLD) despite its $7.5 billion CoreWeave contract, arguing the company is...

Sam Hartzmark on Dividends – Meb Faber Research

Sam Hartzmark on Dividends – Meb Faber Research

by Index Investing News
May 19, 2026
0

Sam Hartzmark may be the most knowledgeable person on irrational investor behavior related to dividends. Last...

Next Post
How Third Point and Saddle Point may help boost margins at Advance Auto Parts

How Third Point and Saddle Point may help boost margins at Advance Auto Parts

Zelensky Is Lying About An Upcoming Counteroffensive Out Of Desperation To Receive More Aid – FREEDOMBUNKER

Zelensky Is Lying About An Upcoming Counteroffensive Out Of Desperation To Receive More Aid – FREEDOMBUNKER

RECOMMENDED

MicroStrategy Eyes  Billion Inventory Providing to Supercharge Bitcoin Stash

MicroStrategy Eyes $2 Billion Inventory Providing to Supercharge Bitcoin Stash

January 5, 2025
A time to decide on between development and expansionism

A time to decide on between development and expansionism

September 3, 2024
Is the Nice Bitcoin Decoupling Lastly Right here?

Is the Nice Bitcoin Decoupling Lastly Right here?

April 28, 2025
What Running Short-Term Rentals at Scale REALLY Looks Like

What Running Short-Term Rentals at Scale REALLY Looks Like

October 18, 2022
Silverado Lodge Apartment on the market  in Canyons Village in Park Metropolis, Utah

Silverado Lodge Apartment on the market in Canyons Village in Park Metropolis, Utah

February 20, 2025
Hercules Capital: A 9.78% Dividend Yield From U.S. Enterprise Debt (NYSE:HTGC)

Hercules Capital: A 9.78% Dividend Yield From U.S. Enterprise Debt (NYSE:HTGC)

September 8, 2025
Monopoly and Barriers to Entry: Old Wine in New Bottles

Monopoly and Barriers to Entry: Old Wine in New Bottles

November 9, 2022
Time For Republicans To Embrace Voting System (Mail-In) We Have

Time For Republicans To Embrace Voting System (Mail-In) We Have

December 8, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In