The United States is starting to impose restrictions on one of the largest Chinese companies again, with the Financial Times noting that the United States has begun imposing legal restrictions on SMIC semiconductor company.
The United States is starting to impose restrictions on one of the largest Chinese companies again, with the Financial Times noting that the United States has begun imposing legal restrictions on SMIC semiconductor company.
Not only has the United States banned the Chinese giant, Huawei, and imposed many restrictions on the company’s supply chain, but the US administration is starting again to crack down on one of the largest Chinese manufacturers of semiconductors, as American companies will need a license before supplying American configurations to SMIC.
Also, according to the Financial Times report, SMIC joins this new step in the US embargo lists, as the US administration confirmed that this decision came as a result of security concerns as a result of the chips that are produced through SMIC, which could eventually reach US weapons, posing a threat to National Security.
SMIC has received a notice from the US administration explaining the new procedures required from the company before purchasing the American configurations, while the response came from the Chinese company SMIC, which confirmed that the company does not produce any chips for the Chinese army or any military party.
It is reported that the sanctions imposed on SMIC do not come as severe as the sanctions imposed on the Chinese giant Huawei, but expectations indicate that the US administration is considering imposing tougher sanctions on SMIC during the coming period.
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