The Biden administration is taking action against Chinese chip designer Sophgo, according to a source familiar with the matter. Sophgo, affiliated with bitcoin mining equipment provider Bitmain, has been linked to the unauthorized use of a chip from Taiwan Semiconductor Manufacturing Corp. in a Huawei AI processor. The move comes as part of the US government’s broader efforts to regulate technology that could pose national security risks.
The Entity List, maintained by the Commerce Department, identifies foreign parties barred from receiving certain items subject to US export regulations. Sophgo’s inclusion on the list highlights the administration’s ongoing scrutiny of Chinese technology firms and their supply chains.
This action follows Sophgo’s involvement in ordering a chip identical to one found in Huawei’s Ascend processor. The decision demonstrates the government’s growing concern over the use of Chinese technology that could potentially compromise US national security.
Source: https://www.investing.com/news/stock-market-news/biden-administration-to-blacklist-chinese-firm-over-illegal-tsmc-chip-use-93CH-3784890