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Semiconductor Manufacturing International Corp (SMIC) on Wednesday said that it has never had any customers in Russia, assuaging investor concerns that the Chinese contract chip maker could be punished by Washington over potential violations of US economic sanctions on the country for invading Ukraine.
Increasingly openly the US is treating the military war against Russia and the mounting confrontation with China as part of a far broader conflict to weaken and subjugate potential rivals.
The United States Commerce Department has blacklisted five Chinese companies for continuing to supply Russian military defense firms after the start of the invasion of Ukraine despite sanctions.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero