HONG KONG - Shares in China's Semiconductor Manufacturing International Corp tumbled on Monday in response to reports of potential sanctions against the company from Washington.
The Trump administration is considering whether to add China's top chipmaker to a trade blacklist, a Defense Department official said on Friday, as the United States escalates a crackdown on Chinese companies. SMIC is China's top semiconductor fab, and the closest domestic counterpart to Taiwan Semiconductor Manufacturing Co Ltd, the world's most advanced maker of chips.
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