Raising supply chain concerns, the US Department of Defense has unveiled a new list of Chinese companies alleged to have ties to the country’s military.
Notable entities on this list include Yangtze Memory Technologies Company (YMTC), a major memory chip manufacturer, Megvii, a facial recognition firm, Hesai Technology, a provider of LiDAR solutions, and tech company NetPosa.
This list represents the most recent escalation in the ongoing China-US trade tensions, characterized by a series of measures undertaken by both nations.
Concerns of bans in the future
While inclusion on the list does not lead to immediate bans, it can significantly impact the reputations of these companies and serves as a clear warning to US entities and businesses regarding the potential risks associated with engaging in transactions or partnerships with them.