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Chinese chip foundry SMIC sees no exodus of customers amid ongoing US restrictions, reports record-high revenue for 2020

1dc6d3cc-6759-11eb-bc00-908c10a5850a image hires 150317 BEIJING (SCMP): Semiconductor Manufacturing International Corporation (SMIC), China’s chipmaking champion, said on Friday that it has not seen an exodus of customers amid ongoing US restrictions imposed by former US President Donald Trump and that it was “working hard” with US suppliers to mitigate risks in its supply chain. “The production capacity is tight around global foundries,” Zhao Haijun, co-CEO of SMIC, said on the company’s fourth-quarter earnings call. “Our customers, like us, can’t really change their suppliers right away. “They continue to work with us to make plans for their new products,” Zhao said, adding that some clients expressed worries over the supply chain disruptions.

Xiaomi Blacklisted by the US Government

Xiaomi Blacklisted by the US Government Recently, the US government announced that it has blacklisted Chinese electronics company Xiaomi. Why has the US government taken this action, what does this mean for Xiaomi, and how will it affect the electronics world? US Government Blacklists Xiaomi Recently, the US government under President Donald Trump announced that it has blacklisted the consumer electronics company Xiaomi. Like Huawei, Xiaomi will no longer be allowed access to US technologies, or the stock market, and all those who have stocks, shares, and securities in Xiaomi will need to divest these investments by November 2021. Xiaomi is not the only company to have been blacklisted by the US government. Huawei has been blacklisted due to its potential ties with the military as well as China’s third-largest oil company and the state-owned Commercial Aircraft Corporation of China. 

US puts Xiaomi on military blacklist, bans American investment in the company

DJI and SMIC added to US sales blacklist

DJI and SMIC added to US sales blacklist Chris Burns - Dec 18, 2020, 10:09am CST Today the United States Commerce Department added the drone company DJI to their trade restrictions blacklist. More specifically, this is the U.S. Commerce Department Entity List, making DJI subject to Export Administration Regulations (EAR). This is a move very similar to the U.S. government’s move against other China-based companies like Huawei and ZTE. Updates to the list Once the latest update to the Entity List is made live, DJI and a variety of other companies will be subject to trade restrictions inside the United States and with US businesses.

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