Executive Committee ofpresidentDonald TrumpofUnited StatesThere are plans to add 80 more companies to the list of cheaper companies.accountBlack (Entity List) today, which includes semiconductor companies. Manufacturing International Corp. (SMIC) and 10 other Chinese companies, which will make them unable to access their technology.United StatesThis includes software and circuit boards.
Reuters reported, citing sources that Top Chinese companies that have been blacklisted, including Huawei and SMIC, have been hit by a dispute between China and the United States. Both countries have blamed each other for everything from trade issues to the spread of COVID-19.
SMIC’s share price fell 4.3 percent this afternoon in the Hong Kong market. After Reuters reported the news, SMIC has not yet released any comment. About this news
It is expected that President Trump will lift more sanctions on Chinese companies before Joe Biden officially takes over as President of the United States on Jan. 20, 2021.
– .
