Singapore

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 considerations.

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The affiliate, Corad Technology Pte Ltd, was amongst 27 entities added to the record 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,” stated the division in its closing rule.

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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 record.

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”, stated the Department of Commerce.

Corad Technology Pte Ltd is situated at Ubi Crescent. It providers the semiconductor trade by designing and manufacturing circuit boards and probe playing cards, in response to its web site.

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

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

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

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


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