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Home World Singapore affiliate of Chinese firm Corad Technology placed on US trade blacklist

Singapore affiliate of Chinese firm Corad Technology placed on US trade blacklist

SINGAPORE: A Singapore affiliate of Chinese firm Corad Technology Limited was on Wednesday (Nov 24) placed on a US authorities trade blacklist over nationwide safety and overseas coverage issues.

The affiliate, Corad Technology Pte Ltd, was amongst 27 entities added to the listing by the Department of Commerce.

“These 27 entities have been determined by the US government to be acting contrary to the national security or foreign policy interests of the United States,” mentioned the division in its last rule.

Aside from Corad Technology Pte Ltd, two different associates of Corad Technology Limited situated in China and Japan had been additionally added to the entity listing.

The three associates “have been involved in sales of technology from the United States and other Western nations to Iran’s military and space programmes, Democratic People’s Republic of Korea (North Korea) front companies, and Chinese government and defence industry subordinate entities”, mentioned the Department of Commerce.

Corad Technology Pte Ltd is situated at Ubi Crescent. It providers the semiconductor business by designing and manufacturing circuit boards and probe playing cards, in line with its website.

The Department of Commerce’s entity listing is used to limit the export, re-export and in-country switch of objects to entities on the listing.

Suppliers to corporations on the entity listing might want to apply for a licence earlier than they’ll promote to them, which is more likely to be denied.

Corad Technology Limited, which has addresses in Hong Kong and Taiwan, was first placed on the entity listing in August 2019.

CNA has contacted Corad Technology for its response to the Department of Commerce’s motion.

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