UPDATE 1-U.S. restricts exports to Chinese semiconductor firm

The U.S. Commerce Department on Monday said it has restricted U.S. exports to Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd, citing a "significant risk" that its new memory chip capacity will threaten the viability of American suppliers of chips for military systems.

In a press release, the Commerce Department said it has placed Fujian Jinhua on its "Entity List," which restricts exports of U.S. products, software and technology to listed foreign firms.