The U.S. Department of Defense said Saturday that it was considering adding SMIC to the Commerce Department's so-called Entity List, which would make it more difficult for the company to obtain parts made in the U.S., potentially hurting production.
On Monday, Chinese Foreign Ministry spokesman Zhao Lijian accused Washington of "blatant hegemony," adding that Beijing was "firmly opposed" to such actions. "China has made a solemn stand on U.S.' unprovoked suppression on Chinese companies," Zhao told reporters, according to a CNBC translation of his comments in Mandarin. "For a period of time, the U.S. has generalized the concept of national security, used state power to set all kinds of restrictions on Chinese companies."
"What the U.S. has been doing uncovers the fig leaf of market economy and fair competition which the U.S. has long been touting," he added. "This not only breaks international trade rules, global industry chain, supply chain and value chain, but also spoils national interests and image of the U.S. itself."
I have no idea what this means but it must be bullish!
That’s rich coming from the Chinese government. They will swindle, deceive and do all in their power to gain control. I love the Chinese people, but the government needs to go.
It is all the while like that?
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Exclusive: Trump administration weighs blacklisting China's chipmaker SMICThe Trump administration is considering whether to add China's top chipmaker SMIC to a trade blacklist, a Defense Department official said, as the United States escalates its crackdown on Chinese companies. A Pentagon spokeswoman said the Defense Department was working with other agencies to determine whether to make the move against Semiconductor Manufacturing International Corporation , which would force U.S. suppliers to seek a difficult-to-obtain license before shipping to the company. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested. The reasons why Chinese eat bats and everything.. The Cold War continues.
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SMIC, China's largest chipmaker, plunges 19% after U.S. says it could blacklist the firmSMIC relies on American chipmaking equipment. If it were to be added to the Entity List, that could make it more difficult for the company to obtain the gear needed to develop its capabilities and hurt production. Hit em where it hurts. Communist China must be stopped in their quest to become the ultimate superpower. The US is suffering. Awesome! It’s getting hurt worse by hours -15% to -19%. Ouch!
Source: CNBC - 🏆 12. / 72 Read more »
Exclusive: Trump administration weighs blacklisting China's chipmaker SMICThe Trump administration is considering whether to add China's top chipmaker SMIC to a trade blacklist, a Defense Department official said, as the United States escalates its crackdown on Chinese companies. A Pentagon spokeswoman said the Defense Department was working with other agencies to determine whether to make the move against Semiconductor Manufacturing International Corporation , which would force U.S. suppliers to seek a difficult-to-obtain license before shipping to the company. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested. The reasons why Chinese eat bats and everything.. The Cold War continues.
Source: Reuters - 🏆 2. / 97 Read more »
China is in for 'a tough time' as U.S. targets tech sector, expert saysTensions between the two countries in the technology space heated up over the weekend with the U.S. considering blacklisting China's largest chipmaker, Semiconductor Manufacturing International Corporation or SMIC. Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested. The one ship parades for Biden flies Chinese commie flag 🇨🇳 Are you looking a for a custom, unique, typography and minimal illustrated T-shirt design? provide me your name brand/quote/text, and I will create a minimalist typography and minimal illustrated shirt design for it! Order now :
Source: CNBC - 🏆 12. / 72 Read more »
SMIC, China's largest chipmaker, plunges 19% after U.S. says it could blacklist the firmSMIC relies on American chipmaking equipment. If it were to be added to the Entity List, that could make it more difficult for the company to obtain the gear needed to develop its capabilities and hurt production. Hit em where it hurts. Communist China must be stopped in their quest to become the ultimate superpower. The US is suffering. Awesome! It’s getting hurt worse by hours -15% to -19%. Ouch!
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to trade lower as U.S.-China tech tensions rise; Chinese August trade data expectedInvestors will watch shares of Semiconductor Manufacturing International Corporation (SMIC), China's largest manufacturer of semiconductors, after a Defense Department spokesperson said the Trump administration is considering imposing export restrictions on the firm. Should be a certain percentage lapsed over a decade
Source: CNBC - 🏆 12. / 72 Read more »