U.S. IMPOSES RESTRICTIONS ON EXPORTS TO CHINA’S BIGGEST CHIPMAKER SMIC

Highlights

• According to letter from the Commerce Department, suppliers of certain equipment to Semiconductor Manufacturing International Corporation (SMIC) will now have to apply for individual export licenses

• The Chinese chipmaker clearly said that it has not received any official notice of the restrictions and clarified that it has no ties with the Chinese military.

• SMIC said the SMIC reiter....