President Donald Trump's administration took action on Monday to cut off a Chinese state-backed chipmaker from USA suppliers amid allegations the firm stole intellectual property from US semiconductor company Micron Technology Inc.
The United States, Europe and other trading partners say Beijing's tactics violate its market-opening obligations. The Trump administration has slapped billions of dollars in tariffs on Chinese imports, claiming the country is stealing U.S. technology. American officials worry they might erode USA industrial leadership.
Fujian Jinhua Integrated Circuit Co, a state-backed company in China, is accused of stealing intellectual property from Micron Technology, a rival based in Idaho. The company will face additional license requirements to obtain US technology. "The additional production, in light of the likely USA -origin technology, threatens the long term economic viability of US suppliers of these essential components of US military systems".
Fujian Jinhua had filed a countersuit against Micron in Chinese court in January.
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It said in a statement that Fujian Jinhua "poses a significant risk of becoming involved in activities that are contrary to the national interests of the United States".
A Commerce Department spokesman said the agency would review any appeal by Fujian Jinhua.
ZTE, which failed to comply with stipulations after violating the sanctions placed on Iran and North Korea, was allowed to resume purchases of USA products after a revised settlement and payment of a $1 billion fine. The Trump administration revoked the ban after ZTE agreed to pay a $1 billion fine. That figure quickly grew to $200 billion as the list of affected products was updated, and many have feared that the tariffs could lead to higher prices for tech products or even hinder the USA semiconductor industry (although we don't know for sure how tech products will be affected).
The new restrictions mean USA firms will need special approval to export products intended for use by state-owned Fujian Jinhua Integrated Circuit Company, Ltd., according to a statement.