"When a foreign company engages in activity contrary to our national security interests, we will take strong action to protect our national security", Commerce Secretary Wilbur Ross said in a statement.
The move comes as the USA and China are locked in a standoff over trade, market access and the transfer of technology secrets, CNN said. In April, the Trump administration banned the Chinese telecommunications company ZTE from importing U.S. microchips over the illegal export of technology to Iran and North Korea.
China's foreign ministry said it hoped foreign governments would treat Chinese companies "reasonably and fairly".
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The restriction is similar to the Commerce Department's move that almost put Chinese telecommunication equipment company ZTE Corp out of business earlier this year, . after it was cut off from USA suppliers.
ZTE, which failed to comply with stipulations after violating the sanctions placed on Iran and North Korea, was allowed to resume purchases of US products after a revised settlement and payment of a $1 billion fine.
Under the move, American companies without a special license are restricted to sell components to Fujian Jinhua. Earlier in the year, the largest USA supplier of DRAM chips, Micron Technology Inc.
The US move will likely add to growing friction between the world's 2 largest economies.
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It was not immediately clear what effect the Commerce Department action will have on Fujian Jinhua's operations.
He said the export restrictions would limit Jinhua's "ability to threaten the supply chain for essential components in our military systems". Negotiations have reportedly stalled ahead of a planned meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of the upcoming G20 summit in Argentina.
Jinhua is opening a $5.7 billion factory in China's Fujian province and has become increasingly ambitious in its desire to become a global player in the memory chip business.
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