U.S. restricts exports to 80 Chinese tech firms

The U.S. government has added 80 new companies and organizations to a list that prevents them from buying American technology. This decision is mainly aimed at Chinese companies and is based on national security concerns. Among the companies targeted are those that frequently purchase chips from major U.S. tech firms like Nvidia and Intel. The restrictions aim to tighten control over the technology flow to China, especially in the field of artificial intelligence. One notable addition to the list is Nettrix Information Industry. This company has connections to the Chinese military through its predecessor, Sugon. An investigation by the New York Times last year revealed that some executives from Sugon formed Nettrix to bypass previous U.S. restrictions on advanced chips. Nettrix has grown to be one of China’s largest computer server manufacturers, which are essential for AI production. The U.S. government has been tightening restrictions since 2019 due to security risks associated with technology transfers.