U.S. Blacklists More Than 60 Chinese Firms, Including SMIC
Bloomberg 12/18/2020 Bloomberg News
(Bloomberg) The U.S. Commerce Department announced it’s blacklisting Semiconductor Manufacturing International Corp., drone maker SZ DJI Technology Co. and more than 60 other Chinese companies “to protect U.S. national security.”
Popular Searches
“This action stems from China’s military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department said in a statement.
Commerce Secretary Wilbur Ross confirmed the move in a Friday morning interview with Fox Business. It was reported first by Reuters overnight. Shares in SMIC, China’s top chipmaker, slid 5.2% Friday in Hong Kong on the news.
U.S. Blacklists More Than 60 Chinese Firms, Including SMIC
Bloomberg 12/18/2020 Bloomberg News
(Bloomberg) The U.S. Commerce Department announced it’s blacklisting Semiconductor Manufacturing International Corp., drone maker SZ DJI Technology Co. and more than 60 other Chinese companies “to protect U.S. national security.”
Popular Searches
“This action stems from China’s military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department said in a statement.
Commerce Secretary Wilbur Ross confirmed the move in a Friday morning interview with Fox Business. It was reported first by Reuters overnight. Shares in SMIC, China’s top chipmaker, slid 5.2% Friday in Hong Kong on the news.
this also way we can do this, hauwei technology is built on stolen and other tech, hauwei equipment to surveil other countries, this is a real danger to everybody, so this is a threat to that international system that we were talking about, so we should do all we can to deny technology to hauwei. arthel: but we just didn t we allowed it, though, i m a little i have a few more seconds and i think i m missing the point here, gordon, i apologize for that. so you say that president trump is the person the president, the leader who is who can stop china s, you know, quest for world dominance in terms of technology, but yet you just said that the deal in allowing hauwei to do business with some american businesses is still a national threat and that s problematic so i m confused. well, president trump should not be giving any sort of exemptions to hauwei from the commerce department entity list, that s within president trump s
problem. which to me is paramount. are you taking it off the commerce department entity list? we re talking about that. we have a meeting tomorrow or tuesday. my question is you talk about the economic and trade factors of china. you don t talk about the national security concerns about china. what do you worry about. it goes without saying. look what who s done what i have done. i took zte off. i did that. that was a personal deal. and president xi called me and asked for a personal favor. which i considered to be important. he s a leader of a major country. it was very important to him. having to do with where the employees are located and his relationship to the area. it was 85,000 employees. they were out of business. he agreed to pay $1.2 billion penalty. and abort change and including management changes. a much smaller than wa way.