DOD blacklists more companies linked to Chinese military

By Justin Doubleday / January 14, 2021 at 3:05 PM

The Pentagon today added nine firms to a list of companies the Defense Department has linked to the Chinese military operating directly or indirectly in the United States.

The companies added today include Advanced Micro-Fabrication Equipment Inc., GOWIN Semiconductor Corp. and Commercial Aircraft Corporation of China, according to the list released by the Pentagon.

The additions bringing the total number of companies listed to 44.

In November, President Trump signed an executive order prohibiting U.S. investors from purchasing or investing in securities of the companies identified on the list. The prohibition went into effect on Jan. 11.

The blacklist is required by Section 1237 of the Fiscal Year 1999 National Defense Authorization Act. DOD began publishing the list last June after prodding from Congress.

Today, Trump also signed an additional executive order tweaking the ban to "prohibit certain sales as well as purchases of publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company," according to a letter the White House sent congressional leadership.