Type:Notice
Citation:89 FR 102868
Reading Time:about a minute or two
The Department of Defense has announced the removal of two companies, IDG Capital Partners Co., Ltd. and Advanced Micro-Fabrication Equipment Inc. China, from the list of "Chinese military companies." This decision was made by the Deputy Secretary of Defense based on updated information under the guidelines of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021. This removal is referenced in a previous Federal Register notice published on April 2, 2024.
Simple Explanation
The U.S. Defense Department decided to take two companies off a special list because now they believe these companies are not connected to China's military.