US officials are seeking to discuss a Defense Department proposal this month to close regulatory openings that have allowed China’s SMIC to purchase critical US technology.
- Officials in the US Commerce Department are making effort to block the Defense Department’s plan.
- Semiconductor Manufacturing International Corp (SMIC) was included on a US blacklist last year due to links to the Chinese military.
- In the upcoming months, US officials are set to add more Chinese technology firms to the Commerce Department’s list and to the Treasury list banning US investment.
On Wednesday, the US House of Representatives passed a new law banning imports from China’s Xinjiang region on concerns of forced labor.
SMIC down -0.71%Source: Reuters