U.S. sanctions another Chinese tech firm and threatens to put it on the Entity List

The U.S. once again seeks to inflict pain on a Chinese tech company, this time Semiconductor Manufacturing International Corp. (SMIC). , U.S. companies will now need to obtain a license before they are allowed to ship certain materials to the largest foundry in China. The fear from the U.S. side is that there is an "unacceptable risk" that the chips produced by SMIC could end up being used on military goods.

SMIC is under attack from the U.S.

SMIC received a letter from the U.S. Commerce Department explaining the new requirement. Still, the foundry said ...

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