Tues 9th August 2022, Election Day
China's largest chip manufacturer's stock sank after the US revealed it could be its next trade ban target.Semiconductor Manufacturing International Corporation (SMIC) said it was "in complete shock and perplexity" after the Pentagon revealed it had proposed the firm be added to a government blacklist.
Analysts have said a trade ban could threaten SMIC's existence, and in turn set back Beijing's efforts to spur on the country's semiconductor industry as part of its Made in China 2025 strategy.
Mr Windsor has noted that Datang Telecom Group is one of SMIC's biggest shareholders, as well as being a board member and customer. It supplies equipment to the People's Liberation Army."[This] provides a fairly strong link to the military, which seems to contradict SMIC's own statements," he wrote in a research note.Elsewhere, the Financial Times said an unnamed US defence contractor has compiled a report claiming that SMIC had manufactured devices for researchers at universities affiliated with the People's Liberation Army.
Us is doing what they should done 15 years ago to ccp. Ccp has been relying on Americans naitevety to continue their surveillance programs in US. They are now a pentagon priority and in due time they will feel the heat