The Trump Administration will add two Chinese companies, chipmaker SMIC and national offshore oil and gas producer CNOOC, to its defense blacklist invoking national security concerns, Reuters reports citing official sources.
Earlier this month, it was revealed that the US Department of Defense planned to designate four other companies from the Asian giant as owned or controlled by the Chinese military, bringing the total blacklist to 35.
According to the agency, Washington’s move is aimed at thwarting Beijing’s plans to recruit corporations to harness emerging civilian technologies for military purposes.
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