Over the course of this week, more than 30 Chinese technology companies will fall under US sanctions, Bloomberg said.
Sanctions cannot be avoided by the country’s largest manufacturer of memory chips, YMTC.
The restrictions include a ban on the purchase of American semiconductors and chip manufacturing equipment, unless the suppliers have a special export permit issued by the US Department of Commerce, the publication explains.
“It indicates that such actions by the Joe Biden administration signal an escalation in the Sino-American conflict in the field of technology,” the agency writes.
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