The Department of Commerce is adding almost 80 companies, most of which are Chinese, including China’s largest semiconductor foundry, the Semiconductor Manufacturing International Corporation, to a trade blacklist out of concerns over national security, Commerce Secretary Wilbur Ross confirmed Friday.
“What this is all about is these are companies that are tied to the People’s Liberation Army,” Ross told Fox Business’ Maria Bartiromo.
According to a statement from the U.S. government, the order includes companies that “enable human rights abuses, entities that supported the militarization and unlawful maritime claims in the South China Sea, entities that acquired U.S.-origin items in support of the People’s Liberation Army’s programs, and entities and persons that engaged in the theft of U.S. trade secrets.”
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{Matzav.com}
