US adds China’s largest chipmaker to export blacklist
Business
December 19, 2020
Washington: The Trump administration has placed Semiconductor Manufacturing International Corporation and DJI, the drone manufacturer, on an export blacklist, raising tensions with China as Joe Biden prepares to take office.
SMIC and DJI are among dozens of Chinese companies that were placed on the commerce department’s “entity list” on Friday. A commerce department official said SMIC was added to the list which requires US companies to get licenses to sell equipment and technology to the company because of concern that it chips were used in products for the Chinese military.
US blacklists 59 Chinese entities australiannews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from australiannews.net Daily Mail and Mail on Sunday newspapers.
Donald Trump takes major action against China, bans 59 companies having links with PLA
We will take action against every company that is connected to the Chinese Army in any way, Commerce Secretary Wilbur Ross said. File photo
Updated: Dec 19, 2020, 08:08 AM IST
Before his departure, US President Donald Trump has given another blow to China. The US Ministry of Commerce has announced a ban on 59 Chinese scientific and industrial manufacturing units, including Semiconductor Manufacturing International Corporation (SMIC). The US has called these companies a threat to national security and contrary to foreign policy. Earlier as well, the Donald Trump administration has taken many big steps against China.
19.12.2020
NAMASKAR ! A warm welcome to World News: an Indian perspective , on All India Radio. This is R S RAGHU bringing glimpses of major developments of the day from across the globe. THE HEADLINES: ⦠Prime Minister Narendra Modi calls upon industries to work for a self reliant India. ⦠Nation well prepared to give befitting reply to aggressors, says India s Defence Minister over the LAC situation. ⦠Tech Giant Apple holds supplier Wistron accountable over code of conduct violations ⦠United States has banned China s chipmaker SMIC from using American technology. ⦠Indian peacekeepers earn laurels for enhancing computer literacy among children in South Sudan.
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NEW YORK, Dec. 19, 2020 /PRNewswire/ Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Semiconductor Manufacturing International Corporation (OTC: SMICY) between April 23, 2020 and September 26, 2020, inclusive (the Class Period ), of the important February 8, 2021 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for SMIC investors under the federal securities laws.
To join the SMIC class action, go http://www.rosenlegal.com/cases-register-1961.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.