US Expands Crackdown On China With Export Ban on Inspur, BGI
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US Expands Crackdown On China With Export Ban on Inspur, BGI
US Expands Crackdown On China With Export Ban on Inspur, BGI
(Bloomberg) -- The Biden administration on Thursday announced export restrictions for dozens of Chinese entities, including server maker Inspur Group Co. and units of genetics firm BGI, citing activities contrary to US national security and foreign policy interest.
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The Commerce Department added a number of companies to the so-called Entity List for acquiring or attempting to acquire US-origin items in support of China’s military modernization efforts. The department also cited companies providing support to Russia’s military and supply sanctioned parties in Iran.
Among the notable China additions are Inspur Group, the state-affiliated maker of computer servers that’s benefited from datacenter construction nationwide, and Beijing-based CPU maker Loongson. Both are regarded as integral to the government’s effort to replace foreign-made technology and propel domestic innovation.
The US has been wielding the export control power of the Commerce Department, headed by Gina Raimondo, as one of its main tools to stifle China’s technological ambitions and bolster national security.
“There have been times in America’s history of intense global competition with another superpower who does not share our values,” Raimondo said in the interview at Bloomberg’s office in Washington earlier Thursday. “This is one of those times.”
Loongson is considered a potential alternative in the future for Intel Corp. chips, while Inspur competes directly with servers made by the likes of HP Inc. and Dell Technologies Inc.
Another company cited is 4Paradigm Technology Co., an up-and-coming AI unicorn backed by some of the world’s biggest investors including Sequoia Capital, Goldman Sachs Group Inc. and Mubadala Investment Co. The US also added Chinese agencies such as the National Research Center for Parallel Computer Engineering and Technology and the Wuxi Institute of Advanced Technology.
ReutersUS adds units of China's BGI, Inspur to trade blacklist
(Reuters) -The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the units pose a "significant risk" to contributing to Chinese government surveillance. "The actions of these entities concerning the collection and analysis of genetic data present a significant risk of diversion to China's military programs," it said.
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