The Pentagon has updated its list of Chinese military-linked businesses with either direct or indirect operations in the United States. The list is compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021.
The Department of Defense said Wednesday that the provision’s continuing implementation is important to counter China’s so-called “military-civil fusion” policy supporting the modernization initiatives of the People’s Liberation Army.
Based on a Reuters report, over 12 Chinese companies were added to the Pentagon’s new 1260H list. The additions include memory chip manufacturer Yangtze Memory Technologies, artificial intelligence company Beijing Megvii Technology and lidar solutions provider Hesai Technology.
Among the previously listed companies that they joined are Huawei Investment & Holding and Huawei Technologies, which attracted congressional attention early on.
Two Senate amendments to the 2024 National Defense Authorization Act is set to expand DOD’s 1260H list on similar foreign threats covering high-tech investments.
