U.S. expands blacklist, tightens tech grip on China
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 26 March 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, March 26th. I'm Julie Morgan. The U.S. expands its blacklist, |
| 0:15.8 | game-stop surges, and grab-eye as a go-to takeover. The Bureau of Industry and Security from the U.S. Department of Commerce has added 80 |
| 0:25.7 | entities to its blacklist. This includes over 50 from China and others from the UAE, |
| 0:32.5 | South Africa, Iran, Taiwan, and other countries. The expanded blacklist aims to restrict China's ability to develop or |
| 0:40.7 | buy high-performance computing chips or quantum technologies for military applications and to curb its |
| 0:48.0 | hypersonic weapons program. The newly blacklisted entities include 11 from China and one from Taiwan, engaged in advanced AI, |
| 0:57.0 | supercomputers, and high-performance AI chips for China-based end users and closely linked to China's military |
| 1:04.9 | industrial complex. Another 13 entities from China were added for links to unsafegarded nuclear activities and 27 more from |
| 1:14.4 | the country for acquiring or attempting to acquire U.S. origin items to support China's military |
| 1:21.3 | modernization. In addition, seven entities from China were blacklisted for acquiring or attempting |
| 1:27.4 | to acquire U.S. origin items |
| 1:29.9 | to advance Beijing's quantum technology capabilities, and two were added for selling products |
| 1:35.9 | already blacklisted, including Huawei and its affiliated entity, High Silicon. |
| 1:41.7 | American companies are barred from supplying to the blacklisted entities without |
| 1:46.3 | government permits. This marks the first expansion to the entity list under the Trump administration. |
| 1:53.5 | GameStop traded higher in postmarket trading on Tuesday after disclosing its Q4 earnings report |
| 1:59.7 | and announcing that it can start investing in Bitcoin. |
| 2:03.1 | Revenue fell 28.5% year over year for the quarter that ended on February 1st to 1.28 billion. |
| 2:10.6 | The grapevine, Texas-based companies said selling, general, and administrative expenses were 22% of sales compared to 20% of sales a year ago. |
| 2:21.1 | GameStop recorded net income of 131.3 million in Q3 versus a net income of 63.1 a year ago. |
| 2:29.3 | EPS was 30 cents for the quarter versus an 8 cent consensus and 22 cents a year ago. On the balance sheet, |
... |
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