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US adds dozens of Chinese firms to export control list

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US adds dozens of Chinese firms to export control list

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Reuters | | Posted by Lingamgunta Nirmitha Rao

The United States on Friday added 31 Chinese companies, including memory chip maker YMTC Yangtze Memory Technologies Co, to a list of firms that U.S. officials could not inspect to verify they can be trusted to responsibly handle sensitive technology exports.

The “unverified list” is a potential stepping stone to tougher economic blacklists from the Commerce Department.

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