10/7/2022, 4:12 PM (Source: TeleTrader)
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US Commerce Dept adds 31 Chinese firms to 'unverified list'

The United States Commerce Department said on Friday it added 31 Chinese companies to the so-called "unverified list," a list of companies for which the US could not verify that they can be trusted to handle sensitive technology exports. Among the companies added to the list is chipmaker YMTC Yangtze Memory Technologies Co.

Meanwhile, the Commerce Department removed nine entities from the list, including Wuxi Biologics, after its Bureau of Industry and Security was able to verify their bona fides, or legitimacy and reliability relating to the end use and end user of items subject to the Export Administration Regulations (EAR).

Baha Breaking News (BBN) / NP