WASHINGTON (Fox News) - The number of Chinese companies placed on a blacklist by the U.S. government is growing.
The Biden administration is placing eight Chinese companies on an investment blacklist.
Among the companies is DJI, the largest commercial drone manufacturer.
The U.S. Treasury will put DJI and the other firms on its “Chinese military-industrial complex companies” blacklist on Thursday, according to the Financial Times.
There are already 60 Chinese groups already on the blacklist.
U.S. investors are barred from taking financial stakes in those companies.
Last week, SenseTime, a facial recognition software company, postponed its planned initial public offering in Hong Kong after the Financial Times reported that the U.S. was set to place the company on the blacklist.
The other Chinese companies that will be sanctioned on Thursday include Megvii, SenseTime’s main rival and Dawning Information Industry, a supercomputer manufacturer. Others are CloudWalk Technology, Xiamen Meiya Pico, Yitu Technology, Leon Technology and NetPosa Technologies.
All eight companies are already on the commerce department’s “entity list”, which restricts U.S. companies from exporting technology or products from America to the Chinese groups without obtaining a government license.