US adds 13 companies in China to unverified list

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Under a policy implemented during the Biden administration, if a government prevents U.S. officials from conducting site checks at companies on the unverified list, Washington will then start the process of adding them to the entity list – a more restrictive export control list – after 60 days.

The new additions include PNC Systems Co Ltd of Jiangsu, Beijing Shengbo Xietong Technology Co Ltd, Guangzhou Xinwei Transportation Co Ltd and Plexus (NASDAQ:PLXS) (Xiamen) Co Ltd.