US COMMERCE Secretary Gina Raimondo said that the US is considering adding more Chinese firms to the government's banned entity list, which blocks access to US exports, Reuters reports.
The US says blacklisted firms have aided China's military operations by providing resources and know-how, reports Bloomberg.
But Chinese Foreign Ministry spokesman Zhao Lijian says the US is 'over-stretching' the concept of national security by imposing supply chain sanctions on China to stymie growth.
'Such moves gravely undermine the legitimate rights and interests of Chinese companies and deprive China of its right to development,' he said. Mr Zhao cautioned that such a strategy would only push the world's two largest economies to 'confrontation and conflict'.
The US Department of Commerce put California-based Synopsys Inc, the biggest supplier of software used to design semiconductors, under investigation for possibly passing key technology to two banned Chinese companies, according to Bloomberg sources.
US firms are barred from selling certain types of technology to Huawei Technologies and Semiconductor Manufacturing International Corp because they've been designated as threats to national security by the Commerce Department's Bureau of Industry and Security.
SeaNews Turkey
The US says blacklisted firms have aided China's military operations by providing resources and know-how, reports Bloomberg.
But Chinese Foreign Ministry spokesman Zhao Lijian says the US is 'over-stretching' the concept of national security by imposing supply chain sanctions on China to stymie growth.
'Such moves gravely undermine the legitimate rights and interests of Chinese companies and deprive China of its right to development,' he said. Mr Zhao cautioned that such a strategy would only push the world's two largest economies to 'confrontation and conflict'.
The US Department of Commerce put California-based Synopsys Inc, the biggest supplier of software used to design semiconductors, under investigation for possibly passing key technology to two banned Chinese companies, according to Bloomberg sources.
US firms are barred from selling certain types of technology to Huawei Technologies and Semiconductor Manufacturing International Corp because they've been designated as threats to national security by the Commerce Department's Bureau of Industry and Security.
SeaNews Turkey
