U.S. blacklists top Chinese chipmaker, alleging military ties
The move means that U.S. companies will need to get a license to sell sophisticated technology to the Semiconductor Manufacturing International Corp.
By PAUL WISEMANAssociated Press
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“We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary,’’ Commerce Secretary Wilbur Ross said.
Andrew Harnik/Associated Press, file
WASHINGTON The Trump administration blacklisted China’s top chipmaker Friday, limiting the Semiconductor Manufacturing International Corp.’s access to advanced U.S. technology because of its alleged ties to the Chinese military.
“We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary,’’ Commerce Secretary Wilbur Ross said in a statement explaining the decision to put SMIC on the U.S. government’s so-called Entity List.
Senior Market Analyst - The Americas at OANDA
With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies.
Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news.
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DETROIT – Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with France s PSA Peugeot early next year.
FCA Chairman John Elkann announced Manley s new post Friday in a letter to employees. Manley s role in the merged company had been a mystery.
PSA CEO Carlos Tavares will run the overall company, to be named Stellantis. Shareholders of both companies will vote on the merger Jan. 4 to seal the deal creating the world s fourth-largest automaker. The merger is expected to be completed by the end of March.
Foxconn, Wisconsin closer to new deal
Supreme Court rules challenge to Trump census plan is premature
In this Nov. 5, 2020 file photo, The Supreme Court is seen in Washington. The Supreme Court has dismissed as premature a challenge to President Donald Trump s plan to exclude people living in the country illegally from the population count used to allot states seats in the House of Representatives. But the court’s decision Friday is not a final ruling on the matter and it s not clear whether Trump will receive final numbers from the Census Bureau before he leaves office next month. (AP Photo/J. Scott Applewhite)
Published December 18. 2020 7:06PM
High court rules challenge to Trump census plan premature thedailycitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailycitizen.com Daily Mail and Mail on Sunday newspapers.