Largest chipmaker China warns of impact of US ban | Financial

The research and development of semiconductors of 10 nanometer and more advanced technologies is likely to be affected, the Chinese think. But for the short term, they do not foresee a significant impact on its own activities and finances. SMIC will stay in touch with the US government to find a solution and minimize the impact on the business.

SMIC is also an important customer of ASML. It is unclear whether the recent developments have any consequences for the relationship with the Dutch chip machine manufacturer. Earlier it came to light that the Americans would rather not have ASML export its highly specialized EUV machines to China. ASML is still waiting for a Dutch export license for China for the export of these devices.

Black list

The U.S. Department of Commerce blacklisted more than 60 Chinese companies on Friday, citing national security and human rights violations as the reasons. SMIC contradicts the charges. The company claims it has no ties to the Chinese armed forces. The company also says that it does not make any products for military use at all.

The Chinese Ministry of Commerce was already threatening to take countermeasures against the US sanctions. The move appears to be President Trump’s ultimate attempt to make his mark on Chinese-American relations. Next month, Trump must hand over the leadership to his successor Joe Biden.

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