US expands list of Chinese technology companies under export controls

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US expands list of Chinese technology companies under export controls

2024-12-03 13:56 Last Updated At：14:00

BANGKOK (AP) — The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software.

The 140 companies newly included in the so-called “entity list” are nearly all based in China. But some are Chinese-owned businesses in Japan, South Korea and Singapore.

The revised rules were posted Monday on the website of the U.S. Federal Register for publication later this week. They also limit exports of high-bandwidth memory chips to China. Such chips are needed to process massive amounts of data in advanced applications such as artificial intelligence.

China’s Commerce Ministry protested and said it would act to protect its “rights and interests,” without giving any details.

“This is a typical act of economic coercion and non-market practice,” the ministry said in a statement.

Commerce Secretary Gina Raimondo said the move was intended to impair China's ability to use advanced technologies that “pose a risk to our national security.”

The addition of the companies to the “entity list” means that export licenses will likely be denied for any U.S. company trying to do business with them.

Washington has been gradually expanding the number of companies affected by such export controls, as the administration of President Joe Biden has encouraged an expansion of investments in and manufacturing of semiconductors in the U.S.

“The purpose of these Entity List actions is to stop PRC (Chinese) companies from leveraging U.S. technology to indigenously produce advanced semiconductors,” Matthew S. Axelrod, the assistant secretary for export enforcement, said in a statement. “By adding key semiconductor fabrication facilities, equipment manufacturers, and investment companies to the Entity List, we are directly impeding the PRC’s military modernization, WMD (weapons of mass destruction) programs, and ability to repress human rights.”

China has accused the U.S. of pursuing “technology hegemony,” as Washington steps up pressure on Chinese tech giant Huawei and other Chinese manufacturers of advanced technology by blocking access to American suppliers.

It particularly objects to what it calls “long-arm jurisdiction” moves such as the U.S. decision to extend export controls to companies to apply to chip-making equipment makers in South Korea, Taiwan and Singapore if they use any U.S. technology that might be sold to China.

Pressure from Washington has spurred China to step up its efforts to develop its own advanced computer chips and other technologies, providing billions in subsidies and investments for the industry. Chinese manufacturers have made quick progress even though they remain years behind in some areas.

Shares in Japanese computer chip makers and makers of related equipment surged Tuesday, with testing equipment maker Advantest surging 4.6%, Tokyo Electron gaining 4.6% and Applied Materials up 4.9%. Disco Corp., another chipmaker, jumped 6.9%, while the Tokyo benchmark Nikkei 225 stock index gained 2.3%.

Meanwhile, China's Naura Technology Group, whose companies were included in the new list, fell 3% and Piotech Inc., another chipmaker, lost 5.3%.

Mavericks rally late to beat Grizzlies 121-116 and advance to NBA Cup quarterfinals

2024-12-04 13:59 Last Updated At：14:00

DALLAS (AP) — Luka Doncic had 37 points and 12 rebounds, Spencer Dinwiddie and P.J. Washington Jr. hit clutch 3-pointers in the final two minutes, and the Dallas Mavericks overcame a 15-point deficit to beat the Memphis Grizzlies 121-116 on Tuesday night and advance to the NBA Cup quarterfinals.

The Mavericks needed a win and help on the final night of group play to earn the West wild-card spot. They will face the top-seeded Oklahoma City Thunder.

Dallas trailed 111-103 with 3:34 to play and went on a 16-3 run capped by two 3-pointers from Dinwiddie and one from Washington.

Washington scored 18 points, Dereck Lively II had 17 points and 11 rebounds, and Dinwiddie scored 16 for the Mavericks, who have won a season-high five consecutive games and nine of their last 10.

Ja Morant scored a season-high 31 points, 15 in the fourth period, for the Grizzlies. They had a season-high, six-game winning streak snapped and were eliminated from the Cup race.

Desmond Bane added 19 points while Jaren Jackson Jr. scored 14 of his 16 in the first half.

After Dallas took a 60-57 lead into the second half, the Grizzlies dominated the third period 38-22. The Mavericks answered back in the fourth, 39-21.

Grizzlies: Morant didn’t take a shot until 10:07 was left in the first half and finished the half with five points.

Mavericks: They committed a season-high 25 turnovers but were only outscored on turnover points 27-26 because Memphis committed 19.

The first of Dinwiddie’s back-to-back 3s, pulling up on a fast break, put Dallas ahead for good 113-111 with 1:40 left.

Dallas shot a season-high 44 free throws (making 30) to Memphis' 14 (making 13). In the fourth quarter, the Mavericks were 18 of 26 from the line while the Grizzlies were 3 of 3.

The Grizzlies will host the Sacramento Kings on Thursday. The Mavericks will begin a two-game Eastern Conference road trip on Thursday against the Washington Wizards.

AP NBA: https://apnews.com/hub/nba