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Trump Is Planning To Include SMIC On The Asset List
According to the news on CNBC, the Trump government is planning to include Seminconductor Manufacturing International Corporation (SMIC) on the Asset List.
Yazar: Tom Roberts
Yayınlanma: 6 Eylül 2020 22:42
Güncellenme: 20 Mayıs 2024 05:36
Trump Is Planning To Include SMIC On The Asset List
The war that the USA has started against the Chinese technology companies continues at full speed. Following Huawei, ByteDance (TikTok) and WeChat, China's largest chip maker Seminconductor Manufacturing International Corporation (SMIC) is at the target this time. According to the news on CNBC, the Trump government is planning to include SMIC on the Asset List. Export restrictions are imposed against companies entering the Asset List, also known as the black list. It is difficult for these companies to access some goods produced in the USA. A Defense Department spokesperson said, “The Department of Defense is currently investigating whether SMIC should be included in the Department of Commerce Asset List. If this happens, all exports to SMIC will be examined more comprehensively. ” It is commented that if the USA takes this step, it will further escalate its trade war with China. SMIC is one of the most important elements in China's strategy to strengthen its domestic semiconductor industry. Inclusion of the company on the Asset List will also affect US companies that sell chip manufacturing technology to SMIC.More Than 275 Chinese Companies In The Asset List
After the US trade war against China, more than 275 Chinese companies have been included in the Asset List. The U.S. recently announced that sanctions would be tightened further against Huawei, the firm most affected by the trade war. Accordingly, Huawei will be prevented from accessing semiconductors without obtaining a special license. SMIC is also one of the main companies producing for Huawei. The United States charged Huawei for spying, claiming that it provided data to the Chinese government. Trump is also putting pressure on allied countries not to do business with this company. Ming Vancou, daughter of the company's founder and CFO, was arrested on December 1, 2018 in Vancouver, Canada, on charges of violating US sanctions against Iran.İLGİLİ HABERLER
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