The US imposes restrictions on SMIC, China's largest chip maker

And the US-China technology war is holding up well. The US now bans US companies from supplying SMIC with materials.

The Financial Times reports that the US was imposing export restrictions on SMIC (Semiconductor Manufacturing International Corp), the largest company China's chips, which means US companies will need permission to export materials to it.

According to the US Department of Commerce, there is an "unacceptable risk" that the those of SMIC could be used for military purposes. SMIC for its part has refused to make components specifically for military use and denies any connection with the Chinese armed forces.

About 50% of SMIC's equipment comes from the USA and the of their supply may affect its production of CMOS sensors, fingerprint sensor ICs and power management ICs.

The new ban is not as strict as the one imposed on Huawei. However, the United States may take further action. Chinese Foreign Ministry spokesman Zhao Lijian accused the United States of "blatant intimidation."

The ultimate goal of the US strategy is unclear, as moving Chinese industry away from US sources will ultimately hurt US companies, upset the US trade balance with China and reduce US influence in China, with no clear gain. .

What is the ultimate purpose of maybe it will take some time to see him. Maybe we will see him only from the end result. In the market, however, the practice of the USA against Chinese companies has begun to be seen, as several companies manufacturing electronic products, such as Dahua, Huawei are unable to make immediate deliveries due to raw material shortages.

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Written by Dimitris

Dimitris hates on Mondays .....

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