US restricts technology sales to Chinese semiconductor giant SMIC – Economic Times


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Washington has ordered US companies to seek permission before selling their technologies to Chinese semiconductor giant SMIC , its latest salvo in the battle for technological dominance over Beijing, the Wall Street Journal reported Saturday. The Department of Commerce “has told US computer-chip companies that they must obtain licenses before exporting certain technology to China’s largest manufacturer of semiconductors,” according to the business daily. The new rules were announced in a letter to the industry Friday, which says that “exports to Semiconductor Manufacturing International Corp. or its subsidiaries risk being used for Chinese military activities,” the report continued. The newspaper...