US SENATE PASSES BILL TO BOOST COUNTRY’S ABILITY TO COMPETE WITH CHINA

Highlights

• A fund of $190bn has been approved for provisions to strengthen US technology and research

• This new bill approved by the US Senate has been opposed by China’s parliament as it expressed “strong indignation and resolute opposition” to ...

TRUMP ADMINISTRATION LIKELY TO ADD CHINESE CHIPMAKER SMIC TO DEFENSE BLACKLIST

Highlights

• This move from Trump is likely to escalate existing tensions between the U.S. and China, weeks before the U.S. President-elect Joe Biden takes charge of the White House

• Earlier this month it was reported that the Department of Defense (DOD) was plannin...

SOUTH KOREAN CHIPMAKERS WITNESS BUSY SEASONS AMIDST US SANCTIONS ON SMIC

• South Korea's chipmakers couldn’t be a happier lot as they stand to gain the maximum from the United States' export restrictions against China's leading foundry firm, Semiconductor Manufacturing International Corporation (SMIC), analysts here said Saturday.
• Th...

U.S. IMPOSES RESTRICTIONS ON EXPORTS TO CHINA’S BIGGEST CHIPMAKER SMIC

Highlights

• According to letter from the Commerce Department, suppliers of certain equipment to Semiconductor Manufacturing International Corporation (SMIC) will now have to apply for individual export licenses

• The Chinese chipmaker clearly said that it has not re...

CHINA IS INVESTING BILLIONS IN CHIPMAKING

Highlights:

• Semiconductor Manufacturing International Corporation (SMIC), the largest semiconductor maker in China is likely to raise around $7.5 billion this year by listing its stock in Shanghai.
• This move will enable China to reduce its reliance on...