By Megan Henney
The U.S. is preparing to place dozens of Chinese companies, including Semiconductor Manufacturing International Corp, on a trade blacklist, citing national security concerns, Commerce Secretary Wilbur Ross said Friday morning.
The Commerce Department will add about 80 companies, the majority of which are Chinese, to the so-called entity list for national defense reasons. The firms will join the likes of Huawei on a list that denies them access to U.S. technology.
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