Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 08, 2020

China’s SMIC Says Assumptions of Ties With Military Are ‘False’

Chinese chipmaker Semiconductor Manufacturing International Corp. said its technology is not for military use after Reuters reported that the Trump administration was considering adding SMIC to a trade blacklist.

“The company manufactures semiconductors and provides services solely for civilian and commercial end-users and end-uses. We have no relationship with the Chinese military,” SMIC said in a statement Saturday. “Any assumptions of the company's ties with the Chinese military are untrue statements and false accusations.”

The Defense Department is working with other agencies to determine whether to make the move against SMIC, which would force U.S. suppliers to seek a special license before shipping to the company, according to the Reuters report Friday.

In August, the White House slapped new restrictions on exports to Huawei Technologies Co., and is also considering restrictions on exports of semiconductor manufacturing equipment and other technologies.

Read more: China's Chip Executives Worry They're Next on U.S. Hit List

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search