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Blacklisting of China s Top Chip Maker SMIC Comes With Exceptions

Blacklisting of China’s Top Chip Maker SMIC Comes With Exceptions U.S. lawmakers want tougher curbs on exports to Chinese semiconductor giant The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal By Dec. 22, 2020 12:08 pm ET The U.S. government’s move to deny China’s leading chip maker access to advanced manufacturing technology comes with exceptions that mean its impact may be mainly political and have limited effect on the company’s business.

Emotional Lash Out China Denounces US For Slapping Sanctions on Its Entities, Officials

Emotional Lash Out China Denounces US For Slapping Sanctions on Its Entities, Officials Published December 19th, 2020 - 06:46 GMT (Shutterstock/ File Photo) China s top diplomat on Friday denounced U.S. decisions to blacklist Chinese entities and officials, describing the moves as an emotional lashing out against Chinese policies in its territories. Chinese Foreign Minister Wang Yi said during a live webcast hosted by the Asia Society that senior U.S. officials were engaging in a form of McCarthyism, while pointing their fingers at China and leader Xi Jinping. There is no evidence to support their accusation, Wang said. They are merely irresponsible presumptions of guilt, an emotional lashing out.

Business Highlights

Business Highlights Last Updated Dec 18, 2020 at 5:42 pm EDT Winter travel raises more fears of viral spread NEW YORK (AP) Tens of millions of people are expected to travel to family gatherings or winter vacations over Christmas. That’s despite pleas by public health experts who fear the result could be another surge in coronavirus cases. In the U.S., AAA predicts that about 85 million people will travel between Dec. 23 and Jan. 3, most of them by car. That would be a drop of nearly one-third from a year ago, but still a massive movement of people in the middle of a pandemic. Experts worry that Christmas and New Year’s will turn into super-spreader events because many people are letting down their guard.

U S Adds DJI Into Its Commerce Ban List

895Shares ADVERTISEMENT While today’s announcement mainly revolves around the Chinese chipmaker, Semiconductor Manufacturing International of China (SMIC), USDoC has actually added a total of 60 entities from China in into the list [pdf]. Interesting enough, one of them is DJI which is one of the most well-known drones and gimbal maker in the world. According to the draft document, USDoC stated that DJI alongside three other entities have been enabling human rights abuses within China by participating in “abusive genetic collection” and “ high-technology surveillance”. The agency also accused them of exporting items to repressive regimes across the globe. Some may be wondering if the current Entity List will still hold its ground when President-elect Joe Biden begins his term next month but that is something we will only know once the time comes. Meanwhile, DJI has not yet responded to the announcement but based on previous experience with Huawei, expect to hear

US stocks slide from records as wait continues for Congress

US stocks slide from records as wait continues for Congress
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