Investing.com investing.com 18 Dec, 2020 14:00 am

U.S. blacklists dozens of Chinese firms including SMIC By Reuters

U.S. blacklists dozens of Chinese firms including SMIC By Reuters
U.S. blacklists dozens of Chinese firms including SMIC

" Commerce Secretary Wilbur Ross said in a statement that the department would "not allow advanced U." Ross said the government would presumptively deny licenses to prevent SMIC from accessing technology to produce semiconductors at advanced technology levels - 10 nanometers or below.Ross said in a Fox Business interview that the United States was adding a total of 77 companies and affiliates to the so-called entity list, including 60 Chinese companies.Commerce is adding nearly a dozen SMIC-affiliated companies to the entity list, Ross said.

Commerce Department confirmed the decision early Friday, saying the action "stems from China’s military-civil fusion (MCF) doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex.The designations by the Commerce Department include some entities in China that enable alleged human rights abuses and some helping it construct and militarize artificial islands in the South China Sea, the department said.

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