U.S. restricts exports to Chinese semiconductor firm By Reuters

© Reuters. U.S. restricts exports to Chinese semiconductor firm

WASHINGTON (Reuters) – The U.S. Commerce Department on Monday said it has restricted U.S. exports to Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd, citing a “significant risk” that its new memory chip capacity will threaten the viability of American suppliers of chips for military systems.

In a press release, the Commerce Department said it has placed Fujian Jinhua on its “Entity List,” which restricts exports of U.S. products, software and technology to listed foreign firms.

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