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Beijing’s biggest chipmaking champion SMIC faces uncertain future after US blacklisting The headquarters of Semiconductor Manufacturing International Corp (SMIC) in Shanghai. Photo: Bloomberg
The future of China s largest chip maker and Beijing s best hope to catch up with rivals in the critical field of semiconductor manufacturing is under a cloud after the company said it would have trouble developing advanced chipmaking processes after it was put on a US trade blacklist. (The addition to the blacklist) will have significant negative impacts on research and development of advanced processes smaller than 10 nanometre (based) upon our initial assessment, SMIC said in a statement on Monday, adding that the short-term impact on the company s operation and finances would be limited.
Власти планируют значительно расширить «черный список» китайских компаний — США echospb.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from echospb.ru Daily Mail and Mail on Sunday newspapers.
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WASHINGTON, Dec 17 (Reuters) - 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.
The move, which has not previously been reported, is seen as the latest in President Donald Trump’s effort to cement his tough-on-China legacy. It comes just weeks before Democratic President-elect Joe Biden is set to take office on Jan. 20.
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.
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Published 20 December 2020
The United States Commerce Department announced it is blacklisting Semiconductor Manufacturing International Corp., drone maker SZ DJI Technology Co. and more than 60 other Chinese companies “to protect US national security.”
“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, according to https://time.com/.
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 per cent Friday in Hong Kong on the news.
SMIC fears adverse impact on advances chip research due to US blacklist hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.