US NEWS: The US lists Chinese black companies including SMIC Report

In total, the United States is expected to add an additional 80 companies and its partners to the so-called business list, almost all of them Chinese.

The United States is expected to add a number of Chinese companies, including SMIC-leading chip cooks, to a list of traders’ closures on Friday, two people familiar with the matter told Reuters on Thursday.

The move, which has not been previously reported, is seen as a last resort in President Donald Trump’s efforts to consolidate his difficult legacy in China. This comes just weeks before Democratic Alliance President Joe Biden took office on January 20.

In total, the United States is expected to add an additional 80 companies and its partners to the so-called business list, almost all of them Chinese.

The Department of Commerce is expected to name some Chinese companies that Washington says has ties to Chinese troops, including helping them build and prepare artificial islands in the South China Sea, as well as others involved in alleged human rights abuses, sources said.

Trump’s executives often use a list of businesses – now including 275 Chinese companies and organizations – to hit key Chinese industries.

These include telecommunications giants Huawei Technologies Co and 150 contacts, as well as ZTE Corp due to penalties for breach, and Hikvision surveillance camera maker due to pressure from a few Uighur Chinese.

SMIC, Semiconductor Manufacturing International Corp., is already at the crossroads of Washington.

In September, the Department of Commerce authorized certain equipment suppliers in the company to apply for export licenses after concluding that there was an “unacceptable risk” that the equipment provided could be used for military purposes.

ISMIC, the Department of Commerce and the Chinese Embassy in Washington did not immediately respond to requests for comment Thursday.

Last month, the Department of Defense added the company to a list of terrorists suspected of being Chinese military companies, barring American investors from buying its shares from late next year.

ISMIC has repeatedly stated that it has no ties with the Chinese military.

The listing of business entities will compel SMIC to seek a special license from the Department of Commerce before a U.S. supplier can export important goods, which is part of a management request to restrict access to modern US technology manufacturing technologies.

Commerce is also expected to add more SMIC-affiliated companies to the list of businesses, sources said.

SMIC is China’s largest chip manufacturer but also follows in the footsteps of Taiwan Semiconductor Manufacturing Co., a market leader in the industry. It seeks to build the foundations for the development of computer systems that can compete with TSMC.

Relations between Washington and Beijing have grown sharply over the past year as the world’s largest economy has split Beijing’s handling of the coronavirus outbreak, the introduction of Hong Kong’s national security law and the escalation of unrest in the South China Sea.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Subscribe Us Get the daily news in your inbox