Also SMIC on the US Entity List?

After Huawei, another important name in the Chinese technology industry is likely to end up in the Entity List of the United States: it is SMIC, read in full by Semiconductor Manufacturing International Corporation. It is the most important player of the Asian giant as regards the semiconductor market, second in the world only to the competitor TSMC (Taiwan Semiconductor Manufacturing). Reuters reported the indiscretion, based on what was collected by a representative of the Department of Defense.

USA: will SMIC also end up in the Entity List?

At the moment, using the conditional is mandatory in the absence of confirmations. The dynamic that would be triggered would be the same already seen in the past: American companies interested in doing business with SMIC would have to first request and obtain authorization from the Department of Commerce.

The comment from the Asian group was not long in coming: the hypothesis has been defined "a complete shock" and there is the most total willingness to talk with the US authorities in order to clarify any possible misunderstanding or misunderstanding.

SMIC Solemnly declares that the company, a public company listed on Hong King's stock market and the Shanghai STAR Market, is an international semiconductor manufacturer that has strictly complied with the laws and regulations of all jurisdictions in conducting its business. SMIC has maintained long-term strategic partnerships with several US suppliers.