U.S. considers banning key exports to Chinese chipmaker SMIC – WSJ – Reuters

A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 14, 2020. REUTERS/Aly Song
Dec 9 (Reuters) – U.S. officials are considering discussing a Defense Department proposal this month to close regulatory loopholes that have allowed Chinese chipmaker SMIC (0981.HK) to buy critical U.S. technology, the Wall Street Journal reported on Thursday.
Some Commerce Department officials are trying to block the Defense Department's proposal, the Journal added, citing people familiar with the matter.
Semiconductor Manufacturing International Corp (SMIC) was added to a U.S. blacklist last year that denies it access to advanced manufacturing equipment from U.S. suppliers due to its alleged ties to China's military, claims that the company rejects. read more
SMIC, China's largest contract chipmaker, did not immediately respond to a request for comment on the report.
In the coming months, U.S. officials are also considering adding more Chinese technology companies to the Commerce Department's entity list and to the Treasury list banning U.S. investment, the Journal added.
On Wednesday, the U.S. House of Representatives passed legislation to ban imports from China's Xinjiang region over concerns about forced labor. read more
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved