September 28, 2020 | technology | No Comments
Shares in SMIC, China’s biggest chipmaker, fell on Monday on fears that it could lose access to key US technology.
The Financial Times reported this weekend that the US Commerce Department has sent a letter to companies warning of an “unacceptable risk” that exports to Semiconductor Manufacturing International Corporation could be used for military purposes.
It’s not entirely clear whether that letter means that official restrictions on SMIC have gone into effect. The FT reported that the firm had been “hit by US sanctions.” Reuters similarly reported that the US is tightening controls on exports to SMIC, citing the letter.
But the US Commerce Department has not yet added the Chinese firm to its Entity List, which would require US companies