News Snapshot:
December 17, 2021 – President Joe Biden’s administration added several Chinese companies and research institutes to blacklists that restrict their access to U.S. investment and technology in response to their alleged support for China’s military and mass surveillance of mainly Muslim ethnic groups, the Wall Street Journal reported . The action from the Commerce and Treasury departments targeted businesses such as an undersea fiber optic cable company, facial recognition technology developers and a commercial drone maker. Last week, the U.S. acted to further restrict exports to major Chinese semiconductor chip manufacturer SMIC due to the company’s alleged ties to the...
