The Bureau of Industry and Security (BIS) has issued a final rule that modifies the Export Administration Regulations by adding 140 companies to the Entity List, which bars them from certain export privileges. These companies, mostly based in China, as well as some in Japan, South Korea, and Singapore, are involved in semiconductor production and advanced computing. The U.S. government claims these companies pose risks to national security by supporting China's military efforts. Additionally, the rule updates some existing entries with new license requirements and removes three companies from a program that allowed specific export privileges.
Simple Explanation
The U.S. government made a rule that stops 140 companies, mostly in China, from buying certain American things because they might help the Chinese military. They also changed some rules for 14 other companies and took away special permissions for three companies.