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US bars exports to Chinese semiconductor firm Fujian Jinhua

Oct 31, 2018 by The Passage Team
US bars exports to Chinese semiconductor firm Fujian Jinhua

The US Commerce Department announced on October 29 that it had put Fujian Jinhua Integrated Circuit Co Ltd, Chinese state-backed chipmaker on a list of entities that cannot purchase components, software and technology goods from U.S. firms.

The restriction took action amid allegations that the chipmaker stole intellectual property from US semiconductor company Micron Technology. President Donald Trump’s administration is concerned the Chinese firm could flood the market with cheap chips that are also made by US companies that supply its military.

As Fujian Jin Hua is central to Beijing's ambitions to develop homegrown semiconductors under the China Manufacturing 2025 initiative, the action against it is likely to ignite new tensions between Beijing and Washington.

Source: Reuters

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