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Exclusive: U S to blacklist dozens of Chinese firms including SMIC, sources say

Exclusive: U S to blacklist dozens of Chinese firms including SMIC, sources say
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US to blacklist more firms in China, including SMIC

US to blacklist more firms in China, including SMIC
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U S to blacklist dozens of Chinese firms including SMIC, sources say

U.S. to blacklist dozens of Chinese firms including SMIC, sources say The designations by the Commerce Department are expected to name some Chinese companies that Washington says have ties to the Chinese military, including some helping it construct and militarize artificial islands in the South China Sea, as well as some involved in alleged human rights violation. December 18, 2020 12:04:45 pm In total, the United States is expected to add around 80 additional companies and affiliates to the so-called entity list, nearly all of them Chinese. The United States is set to add dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist on Friday, two people familiar with the matter told Reuters on Thursday.

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U S stocks mixed as Treasuries rise with dollar

U.S. stocks decline with lawmakers at odds on aid bill Cecile Gutscher, Bloomberg News VIDEO SIGN OUT U.S. stocks fell after Republican demands left Congress without a deal on a federal spending bill. Tesla Inc. edged higher in heavy trading ahead of its inclusion in the S&P 500. The benchmark index halted a three-day winning streak, though ended well of session lows with a late rally in aflood of trading volume associated with the quarterly expiration of options and futures on stocks and indexes. Almost 200 million shares of Tesla traded hands, four times the 30-day average, as funds benchmarked to the S&P 500 adjusted ahead of the carmakerâs Monday debut.

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U S to Blacklist SMIC and Dozens More China Firms, Reuters Says

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.

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