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US Blacklists China’s Major Chip Maker

Published by

December 5, 2024
(GMT+2)

The Trump administration is placing China’s biggest manufacturer of computing chips to an export blacklist, restricting the company’s access to high-end technology over its alleged dealings to the Chinese military.Semiconductor Manufacturing International Corp., or SMIC, will be placed alongside over 60 other Chinese establishments to the entity list, the Business Department stated. The designation limits companies from exporting technology of US origin to the listed firms without a license, with a provision that effectively restricts SMIC from obtaining technology to manufacture chips with 10-nanometer circuits and smaller, the industry’s top class of chips.The move increases the pressure substantially on the chip maker, a national champion that has received billions of dollars in state banking and is central to Beijing’s desire to improve the country’s self-sufficiency in crucial technologies. It arrives during the decreasing weeks of the Trump administration and follows a string of actions in opposition to the Chinese tech companies.

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