US adds five Chinese companies involved in supercomputer industry to trade blacklist

US adds five Chinese companies involved in supercomputer industry to trade blacklist 1
What just happened? The US government threw Huawei’s business into disarray when it added the company to an Entity List earlier this year. Now, the Trump administration has blacklisted five more Chinese firms, all of which are involved in the supercomputer industry.

The US says the companies were added to the list, which prevents them from doing business with American organizations without a license, due to concerns over the military applications of the supercomputers they develop.

Hygon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology, Sugon, and Wuxi Jiangnan Institute of Computing Technology were blacklisted on Friday.

While the US has the two fastest supercomputers in the world, China has 219 entries in the TOP500 compared to America’s 116. Sugon, one of the blacklisted firms, is the third-highest vendor in the TOP500 with 63 machines. It’s one of many companies that rely on American technology—Intel’s chips appear in 95.6 percent of the top 500 supercomputer systems, while Nvidia’s GPUs are in 125 machines.

Hygon, you may recall, produces Dhyana processors, which are said to be virtually identical to AMD’s EPYC CPUs—a result of the US firm’s deal with a Chinese consortium in 2016 that saw it license its x86 and SoC IP for developing chips, which would be sold exclusively in China. Earlier this month, AMD said it would not be extending the agreement, a move that many speculated was related to the trade war. AMD has confirmed it will comply with the new trade restrictions.

The move comes ahead of the G20 summit in Japan, where Presidents Trump and Xi Jinping are set to meet in an attempt to address the trade dispute between the two countries.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin22,833 0.09 % 2.63 % 4.66 %
Ethereum1,819.9 0.03 % 1.61 % 3.27 %
Tether1.001 0.07 % 0.03 % 0.13 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB291.82 0.05 % 5.11 % 9.84 %
Binance USD1.001 0.10 % 0.08 % 0.11 %
XRP0.3614 0.55 % 4.10 % 5.15 %
Cardano0.4961 0.15 % 8.35 % 6.68 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.07441 0.19 % 8.47 % 4.82 %

Bitcoin (BTC) $ 22,822.00
Ethereum (ETH) $ 1,821.91
Tether (USDT) $ 1.00
USD Coin (USDC) $ 0.999925
BNB (BNB) $ 291.94
Binance USD (BUSD) $ 1.00
XRP (XRP) $ 0.363964
Cardano (ADA) $ 0.496234
Solana (SOL) $ 38.33
Dogecoin (DOGE) $ 0.074418