US Blacklists 80 Companies, Including Nvidia Impact

The U.S. Commerce Department has added approximately 80 companies, including over 50 Chinese firms, to its Entity List, effectively restricting their access to U.S. technology without government authorization. This move is part of a broader effort to stifle China's advancements in artificial intelligence, supercomputing, and quantum technologies, perceived as threats to U.S. national security. Notable companies impacted include Nvidia Corp., whose chips have been used by some of the blacklisted entities, causing a decline in their stock values. The restrictions particularly target Chinese firms with ties to military applications, aiming to curb the development of hypersonic weapons and other advanced military technologies. The actions have provoked strong protests from China, which accuses the U.S. of 'weaponizing' trade and technology in global hegemonism. The latest blacklist expansion reflects ongoing tensions between the U.S. and China over technological competition and security concerns.