SMIC


US Senator Rubio urges SMIC crackdown at Huawei levels

US Senator Rubio urges SMIC crackdown at Huawei levels

(ATF) US Senator Marco Rubio on December 22 called for a strengthening of restrictions announced on SMIC, claiming that the rules will not effectively cut China’s largest chipmaker off from US technology and urging a Huawei-style crackdown. Rubio, a former Republican presidential candidate who is currently co-chair of the Congressional …

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US Entity List inclusion a potential blessing for SMIC, analysts say

US Entity List inclusion a potential blessing for SMIC: analysts

(ATF) Analysts say SMIC’s official inclusion on a US export control blacklist may be a potential positive because it is likely to force China’s largest chip foundry to focus on mature technologies that are more profitable. Several analysts have maintained a “buy” rating for SMIC’s A-shares and Jefferies has upgraded …

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Chipmaker SMIC handed $2.45 billion state cash boost 

Chipmaker SMIC handed $2.45 billion state cash boost 

(ATF) China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has been handed $2.45 billion of state-backed capital for a new joint venture wafer plant in Beijing.The investment comes alongside a further $3 billion yuan (US$460 million) of capital injection into an existing joint venture in the coastal city Ningbo, as …

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Look beyond US tech stocks and find value in Asia

Look beyond US tech stocks and find value in Asia

(ATF) Given the extensive economic damage created by the Covid-19 pandemic, it may seem strange that global stock markets are near record highs. This is largely explained by a stunning recovery in the shares of leading technology companies, especially those in the US and China.Three factors are behind the rally …

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Global economy set to warm up faster than US-China relations

Global economy set to warm up faster than US-China relations

(ATF) With progress on Covid-19 vaccines, prospects for the world economy in 2021 are brightening. But the same cannot be said yet for US-China ties, despite hopes for an improvement under Joe Biden. Investors snapping up Chinese assets must guard against complacency and price in continued political risk.Global markets are …

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Trump gets personal with new China visa ban

Trump gets personal with new China visa ban

(ATF) President Donald Trump’s administration has issued rules to restrict travel to the United States by members of China’s ruling Communist Party and their families, in another move to attack China before he leaves office in January.The policy reduces the maximum length of non-immigrant business and tourist visas for party …

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SMIC and CNOOC to be added to US blacklist

SMIC and CNOOC to be added to US blacklist

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources quoted by Reuters.Such a move would curb their access to US investors and escalate tensions with Beijing …

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China's SMIC facing delays on some US-made supplies

China's SMIC facing delays on some US-made supplies

China's Semiconductor Manufacturing International Corp (SMIC) is facing delays in getting US-made equipment, parts and materials, the Global Times newspaper reported on Thursday, after Washington imposed export restrictions against the firm. SMIC, China's largest contract chipmaker, has been among several Chinese tech firms including Huawei Technologies that have been targeted …

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China passes export-control law following US moves

China passes export-control law following US moves

SHANGHAI: China has passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.The Xinhua news report late on Saturday did not name any target countries, but the United States last month …

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SMIC restrictions put China's home-made chips plan in doubt

SMIC restrictions put China's home-made chips plan in doubt

(ATF) The axe has finally fallen.China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) confirmed on Sunday that its US suppliers have been subjected to additional export restrictions by the US Bureau of Industry and Security (USBIS) after concluding there is an unacceptable risk that equipment supplied to it could be …

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