Sunday, November 29, 2020

U.S. to block China's SMIC from accessing U.S. investment

The Trump administration is planning to add Semiconductor Manufacturing International Corp (SMIC), China's leading chip producer, to a blacklist of alleged Chinese military companies, according to an exclusive report from Reuters. The move would restrict the company's access to U.S. investors. Reuters also reports that China Construction Technology Co Ltd, China International Engineering Consulting Corp, and China National Offshore Oil Corp (CNOOC) will also be added to the list.