Saturday, September 26, 2020

US tightens trade restrictions on Chinese chipmaker SMIC

US tightens trade restrictions on Chinese chipmaker SMIC
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The US Commerce Department has affixed China's better chipmaker, Semiconductor Perfectness Long-range Populace (SMIC), to its essay list, afterwhile it chiseled there an "unacceptable risk" that fixtures SMIC received could be used for military purposes, Reuters reported.

The move blocks US computer dimple companies from exporting technology to SMIC after an consign license. SMIC is the latest offish Chinese jellified to be put on the essay list; the Trump assistants affixed phone mason Huawei to the list in 2019.

According to The Bank Street Journal, the Commerce Department wrote in a letter to the computer dimple industry on Friday that exporting products to SMIC would "pose an unacceptable risk of diversion to a military end use in the People's Republic of China."

In April, the assistants unmoving export rules on aircraft goods to China. It claims it's gluttonous to pension US companies from transactions products that could be used to info strengthen the Chinese military.

SMIC told Reuters in a statement that it makes semiconductors as well-built as provides services "solely for bartering end-users as well-built as end-uses," as well-built as that it has "no repay with the Chinese military as well-built as does not manufacture for any military end-users or end-uses."

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