The U.S. Department of Commerce plans to add the AI company Sophgo associated with Bitmain to the restricted trade list

BlockBeats news, on December 22, according to Reuters citing informed sources, the Biden administration plans to add Sophgo, an AI company associated with Bitmain, to the U.S. Department of Commerce's restricted trade list due to the company's TSMC-manufactured chips being illegally incorporated into Huawei's AI processors.

BlockBeats previously reported that on October 27, Xiamen Suan Neng Technology Co., Ltd. (Sophgo) issued a statement denying any direct or indirect business relationship with Huawei. The statement pointed out that the U.S. Department of Commerce's investigation into the relationship between TSMC and Huawei is unrelated to Sophgo and its products, and the company has consistently complied with relevant regulations, including U.S. export controls. Sophgo has provided TSMC with a detailed investigation report proving that the company is unrelated to the Huawei investigation incident. Furthermore, Sophgo stated that it reserves the right to take legal action against any individuals or entities that damage the company's commercial reputation.