The Trump administration is restricting exports to state-backed Chinese company Fujian Jinhua Integrated Circuit Company, which makes semiconductors, citing national security concerns. A senior U.S. official said the move was aimed at preventing China from using its semiconductor industry as a weapon against American companies and consumers. This latest move finds another Chinese company caught up in the ongoing US-China trade dispute over trade, transfer of tech secrets and market access. It is expected to add further friction to the countries' relationship. Fujian Jinhua, based in East China's Fujian province, was founded in 2016 and has financial backing from the provincial government, according to . Talks have already stalled ahead of a planned meeting at the upcoming G20 summit in Argentina.
The Trump administration is restricting exports to state-backed Chinese company Fujian Jinhua Integrated Circuit Company, which makes semiconductors, citing national security concerns. A senior U.S. official said the move was aimed at preventing China from using its semiconductor industry as a weapon against American companies and consumers. This latest move finds another Chinese company caught up in the ongoing US-China trade dispute over trade, transfer of tech secrets and market access. It is expected to add further friction to the countries' relationship. Talks have already stalled ahead of a planned meeting at the upcoming G20 summit in Argentina.