Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Blacklisting of Chinese tech companies slammed

Blacklisting of Chinese tech companies slammed

The US government's decision to add eight Chinese technology companies to its "Entity List" will hurt the interests of their suppliers in the United States and hamper global cooperation on artificial intelligence, analysts said on Tuesday.

The comments came after the US Commerce Department placed the companies including video surveillance powerhouse Hikvision and facial recognition technology leaders SenseTime Group and Megvii Technology  on a list banning them from buying components from US companies without special government approval.

Foreign Ministry spokesman Geng Shuang said on Tuesday that China is strongly dissatisfied by and firmly opposed to the move, and he urged Washington to revoke the decision.

So-called human rights issues in the Xinjiang Uygur autonomous region, as claimed by the US, don't exist, Geng said. He added that the US accusations against China are "total nonsense", and China will continue to take firm and powerful steps to maintain its sovereignty, safety and developmental interests.

Bai Ming, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation, said the US government is expanding its blacklist to include more Chinese tech leaders, a move that will disrupt global companies' confidence in the US trade system and increase uncertainty in supply chains.

"Also, most of them are AI pioneers in China that consume tons of chips from US companies including Nvidia Corp, Intel Corp and others. These US suppliers will ultimately suffer from the ban," Bai said.

In May, Washington put Chinese tech company Huawei Technologies on the "Entity List", resulting in sales slumps among US suppliers such as Qualcomm Inc in the second quarter this year.

On Tuesday, the eight Chinese tech giants also voiced strong opposition to the ban, saying that the US government did not offer any factual evidence to support the accusations that they are implicated in human rights violations.

A representative of Hikvision said in a statement to China Daily that the company has been engaging with US administration officials over the past year to clarify misunderstandings about the company and address their concerns.

"Punishing Hikvision, despite these engagements, will deter global companies from communicating with the US government, hurt Hikvision's US business partners and negatively affect the US economy," the representative said.

AI pioneer iFlytek Co said in a filing that the ban will not have a big impact on its daily operations as most of its core technologies are domestically developed.

iFlytek also said the company already has backup plans to respond to such a ban and it can continue offering services and products to its clients.

Xiang Ligang, director-general of telecom industry association Information Consumption Alliance, said that after the Huawei restrictions Chinese tech companies have all devoted efforts to ensure the sustainability of their supply chains and they have the option of choosing products from domestic AI chip companies to replace those from US suppliers.

AI startup SenseTime Group Ltd said in a statement that the company will work closely with all relevant authorities to fully understand and resolve the situation.

"We have been actively developing our AI code of ethics to ensure our technologies are used in a responsible way," the statement said.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Hungary Ranked Among the World’s Safest Travel Destinations for 2025
G7 Leaders Fail to Reach Consensus on Key Global Issues
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Man Convicted of Fraud After Booking Over 120 Free Flights Posing as Flight Attendant
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Beata Thunberg Rebrands as Beata Ernman Amidst Sister's Activism Controversy
Hungarian Parliament Approves Citizenship Suspension Law
Prime Minister Orbán Criticizes EU's Ukraine Accession Plans
Hungarian Delicacies Introduced to Japanese Market
Hungary's Industrial Output Rises Amid Battery Sector Slump
President Sulyok Celebrates 15 Years of Hungarian Unity Efforts
Hungary's Szeleczki Shines at World Judo Championships
Visegrád Construction Trends Diverge as Hungary Lags
Hungary Hosts National Quantum Technology Workshop
Hungarian Animation Featured at Annecy Festival
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
UK and EU Reach New Economic Agreement
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
UK and EU Reach Agreement on Gibraltar's Schengen Integration
Israeli Finance Minister Imposes Banking Penalties on Palestinians
U.S. Inflation Rises to 2.4% in May Amid Trade Tensions
Trump's Policies Prompt Decline in Chinese Student Enrollment in U.S.
Global Oceans Near Record Temperatures as CO₂ Levels Climb
Trump Announces U.S.-China Trade Deal Covering Rare Earths
Smuggled U.S. Fuel Funds Mexican Cartels Amid Crackdown
Austrian School Shooting Leaves Nine Dead in Graz
Bezos's Lavish Venice Wedding Sparks Local Protests
Europe Prepares for Historic Lunar Rover Landing
Italian Parents Seek Therapy Amid Lengthy School Holidays
British Fishing Vessel Seized by France Fined €30,000
Dutch Government Collapses Amid Migration Policy Dispute
UK Commits to 3.5% GDP Defence Spending Under NATO Pressure
Germany Moves to Expedite Migrant Deportations
US Urges UK to Raise Defence Spending to 5% of GDP
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Low Turnout Jeopardizes Italy's Citizenship Reform Referendum
Transatlantic Interest Rate Divergence Widens as Trump Pressures Powell
EU Lawmaker Calls for Broader Exemptions in Supply Chain Legislation
France's Defense Spending Plans Threatened by High National Debt
European Small-Cap Stocks Outperform U.S. Rivals Amid Growth Revival
Switzerland Proposes $26 Billion Capital Increase for UBS
×