Saturday, October 1st, 2022 00:42:11

US export restrictions hit leading Chinese Chipmaker SMIC 

Updated: October 5, 2020 12:51 pm
China’s biggest chip company Semiconductor Manufacturing International Corporation (SMIC) has confirmed that some of its suppliers have been restricted by US export control regulations, and its business may be affected due to ensuing uncertainties in US equipment supplies. SMIC said in a statement on Sunday night that the US Bureau of Industry and Security (BIS) has informed some of SMIC’s suppliers to further limit exports of US equipment, accessories and materials to the company. Exports will require a permit.
SMIC said in the statement that the company has undertaken “preliminary exchanges” with the U.S. Bureau of Industry and Security regarding export restrictions. The Company is conducting assessments on the relevant impact of such export restrictions on the company’s production and operation activities, it said. SMIC also said it has been operating in compliance with the relevant laws and regulations of all jurisdictions where it performs its businesses.

Comments are closed here.

Archives

Categories