SMIC says US is putting export extra restrictions on suppliers

2020/10 05 00:10

The transfer may have “materials adversarial results” on its manufacturing and operations, the corporate stated

Matters
US China



Bloomberg 

China’s largest chipmaker stated its US suppliers have been issued with letters telling them they’re topic to extra export restrictions. Semiconductor Manufacturing is evaluating the influence of the US Bureau of Trade and Safety’s export restrictions on its enterprise and operations, it stated in an announcement on Sunday.


The transfer may have “materials adversarial results” on its manufacturing and operations, the corporate stated. Information of the restrictions on exports to SMIC was reported final week, inflicting the chipmaker’s shares to sink to a four-month low in Hong Kong buying and selling final Monday.


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First Printed: Mon, October 05 2020. 01:21 IST




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