US Government Imposes Export Restrictions on SMIC, DJI and 75 Other Entities
USA
December 23 2020
The US Department of Commerce’s Bureau of Industry and Security has issued a Final Rule adding 77 companies to the Entity List, a restricted party list that identifies foreign persons that engage in activities contrary to US national security and/or foreign policy interests. These latest designations by BIS include companies located in China, as well as Bulgaria, France, Germany, Hong Kong, Italy, Malta, Pakistan, Russia and the United Arab Emirates. Most notably, the designations include Semiconductor Manufacturing International Corporation Incorporated and DJI, which are prominent companies in China’s semiconductor and consumer drone industries, respectively. Pursuant to these designations, exports, reexports and in-country transfers of commodities, software and technology subject to the US Export Administration Regulations to SMIC, DJI and other designated entities will now req
US Imposes Technology Transfer and Export Restrictions on Dozens of Chinese Companies, Including Top Chipmaker and Drone Manufacturer lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.