The U.S. Commerce Department and other government agencies approved about 69.9% of export license applications involving China in the 2022 budget year, according to written testimony made public ahead of a U.S. House hearing Tuesday.
The Commerce Department's Bureau of Industry and Security has over 639 China-based parties on its trade blacklist known as the "Entity List" and over 155 of those were addedCompanies on the Entity List are restricted from receiving U.S.-origin goods and technology.
Commerce also maintains the Unverified List that requires checks for U.S. technology use. Estevez said BIS conducted about 1,151 end-use checks in around 54 countries, where approximately 75% of checks were considered favorable."These changes are designed to address concerns related to the production of advanced semiconductors," Estevez said. "These controls are not intended to stop production of legacy semiconductors, and these controls are not tools of economic protectionism.
entities from the unverified list after checks in late 2022. "This cooperation continues in 2023, but we are continuing to monitor cooperation closely," Estevez said.
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