SMIC, based in Shanghai, China, said that it has not received official notice on export restrictions and emphasized that the company provides services for civilian and commercial end users, which has nothing to do with the Chinese military.
(Washington Composite Electric) The United States has begun export restrictions on the implementation of export restrictions on the well -known Chinese technology company SMIC Integrated Circuit Manufacturing Corporation (referred to as SMIC), exacerbating the tension between the two countries around this critical industry.
According to the relevant documents obtained by Bloomberg, the US government requires suppliers to provide specific equipment to SMIC in China, the largest chip manufacturing enterprise in China, and must first apply for export permits.
The US Department of Commerce pointed out in documents issued on the 25th that the equipment exported to SMIC and its subsidiaries has the risk of being used for military use, and this risk is unacceptable.
The U.S. Department of Commerce did not confirm whether the relevant media reports were accurate when they were questioned the next day, but said that the Ministry of Industry and Security Bureau was constantly monitoring and evaluating any potential threat to the interests of US national security and foreign policies.
However, the official website of the US Department of Commerce has not yet released information about SMIC's entity list.This means that SMIC's restrictions are not as strict as Huawei, a high -tech company in China.
SMIC, based in Shanghai, China, issued a statement through an email statement saying that it has not received official notice on export restrictions and emphasized that the company provides services for civilian and commercial end users, which has nothing to do with the Chinese military.
It has been reported earlier this month that the Trump administration is considering listing SMIC in the list of trade restrictions.There are currently 275 Chinese companies including Huawei and ZTE.
Regarding the implementation of export restrictions on SMIC, Wolf, former official and practicing lawyer of the Obama administration, pointed out that the US export restrictions on military use only applies to the US origin of the US Ministry of Commerce, butIf it is included in the entity list of export restrictions, it represents all American local technology or products, and even foreign technology or products that use American technology or products, which will be restricted.
Export restrictions represent the United States and Canada suppression.
The restrictions on the implementation of SMIC in the United States marks the further upgrade of Sino -US tensions.The two countries have previously conflicted a series of problems such as trade, intellectual property, crown disease, and Hong Kong's New National Security Law.
At present, Chinese technology companies have become the main areas of the United States to deal with, so as to prevent China from threatening the United States' leading position for many years in related fields.
Li Yusheng, an analyst at Jefferies, a well -known American investment bank, pointed out that as many as half of SMIC's depends on US exports.More Chinese enterprises face the same destiny.
SMIC is a foundry of American chip manufacturer Qualcomm and the second largest customer of Qualcomm, second only to Huawei.
Therefore, analysts believe that the US export restrictions on SMIC will also affect Qualcomm's business.
