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BEIJING (Bloomberg): Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday (Dec 15) on fears that Washington will slap investment and export sanctions against more companies. ....
The US is to add more Chinese tech and healthcare companies, including top drone maker DJI Technology Co (大疆創新) and artificial intelligence (AI) giant Megvii Technology Ltd (曠視科技), to investment and export blacklists for alleged involvement in surveillance of the country’s Uighur minorities, the Financial Times (FT) reported, citing people familiar with the moves. The FT named the other companies being added to the list as supercomputer maker Dawning Information Industry Co (中科曙光), facial recognition specialist CloudWalk Technology Co (雲從科技), cybersecurity group Xiamen Meiya Pico Information Co (廈門市美亞柏科), artificial intelligence company Yitu Technology (依圖科技), and cloud computing firms Leon Technology Co ....
XINJIANG: The ‘Financial Times’ said the US Department of Commerce also plans to slap sanctions on the export of US technology to about 30 more Chinese companies/ Bloomberg ....