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Biden to blacklist China's YMTC, crackdown on AI chip sector The Biden administration on Thursday plans to add Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip industry to a trade blacklist, broadening its crackdown on China's chip industry, the Commerce Department said. YMTC, long in the crosshairs of the U.S. government, will be added to the list over fears it could divert U.S. technology to previously blacklisted Chinese tech giants Huawei and Hikvision. The move will bar YMTC's suppliers from shipping U.S. goods to it without a difficult-to-obtain license. The 21 Chinese AI chip entities being added to the trade blacklist, which include Cambricon and CETC, will face an even tougher penalty, with the U.S. government effectively blocking their access to technology made anywhere in the world with U.S. equipment. read more