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WASHINGTON (Reuters) - The United States added dozens of Chinese companies, including the country’s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump’s administration ratchets up tensions with China in his final weeks in office.
Reuters first reported the addition of SMIC and other companies earlier on Friday. The move is seen as the latest in Republican Trump’s efforts to burnish his tough-on-China image as part of lengthy fight between Washington and Beijing over trade and numerous economic issues.
The U.S. Commerce Department said the action against SMIC stems from Beijing’s efforts to harness civilian technologies for military purposes and evidence of activities between SMIC and Chinese military industrial companies of concern.
The United States added dozens of Chinese companies, including the country's top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump's administration ratchets up tensions with China in his.
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Published 20 December 2020
The United States Commerce Department announced it is blacklisting Semiconductor Manufacturing International Corp., drone maker SZ DJI Technology Co. and more than 60 other Chinese companies “to protect US national security.”
“This action stems from China’s military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex,” the Commerce Department said in a statement, according to https://time.com/.
Commerce Secretary Wilbur Ross confirmed the move in a Friday morning interview with Fox Business. It was reported first by Reuters overnight. Shares in SMIC, China’s top chipmaker, slid 5.2 per cent Friday in Hong Kong on the news.
US Adds Dozens of Chinese Firms Including Chipmaker SMIC and Drone Company SZ DJI to Trade Blacklist
Chinese chipmaker SMIC was earlier added to a US defence blacklist. By Reuters | Updated: 19 December 2020 10:33 IST
Action against SMIC stems from Beijing s efforts to use civilian technologies for military purposes
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Mike Pompeo said US will use all countermeasures available
SMIC will face tough review standard for 10nm or lower equipment
The United States added dozens of Chinese companies, including the country s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology, to a trade blacklist on Friday as US President Donald Trump s administration ratchets up tensions with China in his final weeks in office.
US adds Chinese firms SMIC, DJI to blacklist as tensions flare-up
Trump s administration ratchets up tensions with China in his final weeks in office.
(AP)
. Updated: 19 Dec 2020, 08:58 AM IST Agencies
The move is seen as the latest in US President Donald Trump s efforts to burnish his tough-on-China image, in his final weeks in the White House, as part of a lengthy fight between Washington and Beijing over trade and numerous economic issues
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The United States Commerce Department announced it s blacklisting dozens of Chinese firms, including the country s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, and over 60 other Chinese companies to protect US national security.