U.S. IMPOSES STRICT RESTRICTIONS ON CHINA’S CHIPMAKER SMIC

Highlights

• The Trump administration on Friday imposed strict restrictions on China’s top chipmaker Semiconductor Manufacturing International Corporation (SMIC)

• SMIC along with few other Chinese companies would be added to a Entity List that will ensure that they won’t be able to access US suppliers and technology

• US Commerce Secretary Wilbur Ross in a statement said “We will ....