21 March 2024 – According to a Bloomberg story on Wednesday, the US government is thinking of placing a number of Chinese semiconductor companies connected to Huawei Technologies Co. on a block list. Chip manufacturers Qingdao Si’En, SwaySure, and Shenzhen Pensun Technology Co., or PST, are a few that may be placed on a block list.
According to the source, Biden officials are also considering penalizing ChangXin Memory Technologies Inc., the top memory chip manufacturer in China. After ChangXin was identified as a possible target, Edison Lee, an analyst at Jefferies, stated, “Adding more Chinese companies to the US Entity List is a highly likely event.” “It is easy to implement and justify, and it will further block certain key Chinese companies from being able to exploit current loopholes in export restrictions.”
According to the business news agency, one of the persons said that US authorities may impose sanctions on SiCarrier and Shenzhen Pengjin High-Tech Co. in addition to businesses that actually manufacture chips.
Conclusion
The source expressed worry that Huawei is being assisted in obtaining restricted equipment by the two businesses, which provide equipment for semiconductor production. According to Bloomberg News, the firms’ links to Huawei were first covered in late 2023.
