Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in Asia Pacific advanced in Friday afternoon trade, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
(Adds more details on list, background)
WASHINGTON, June 21 (Reuters) - The U.S. Commerce Department said on Friday it was adding several Chinese companies and a government-owned institute involved in supercomputing with military applications to its national security "entity list" that bars them from buying U.S. parts and components without government approval.
The announcement adding them to what is effectively a trade blacklist is the latest effort by the Trump administration to restrict the ability of Chinese firms to gain access to U.S. technology.
The department said it was adding Sugon, the Wuxi Jiangnan Institute of Computing Technology, Higon, Chengdu Haiguang Integrated Circuit and Chengdu Haiguang Microelectronics Technology, along with numerous aliases of the five entities to the list on concerns about military applications of the supercomputers they are developing.
Wuxi Jiangnan Institute of Computing Technology is owned by the 56th Research Institute of the General Staff of Chinas Peoples Liberation Army, the Commerce Department said, adding "its mission is to support Chinas military modernization."
In 2015, the Commerce Department added China's National University of Defense Technology (NUDT) to the list "because of its use of U.S-origin multicores, boards, and (co)processors to power supercomputers believed to support nuclear explosive simulation and military simulation activities."
The Commerce Department said on Friday that since 2015 NUDT has procured items under the name Hunan Guofang Kei University using four separate, additional addresses not already on the entity list. The department is adding Hunan Guofang and the four addresses to the list.
The companies "pose a significant risk of being or becoming involved in activities contrary to the national security and foreign policy interests of the United States," the Commerce Department said.
Last month, the Trump administration on Thursday added Chinas Huawei Technologies Co Ltd to the entity list and 68 affiliates in more than two dozen countries.
The action comes as the worlds two largest economies ratchet up tariffs in a battle over what U.S. officials call Chinas unfair trade practices. (Reporting by David Shepardson; Editing by Jeffrey Benkoe and Bill Rigby)