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China Adds 60,000 New Chip Firms In 2020 For 22% Annual Growth Reveals Data Dec 22, 2020 12:13 EST At the close of last week, the United States Department of Commerce (DoC) officially added China s Semiconductor Manufacturing International Corporation (SMIC) to its Entity List, as it expanded the scope of American sanctions against Chinese companies. The Department s rationale behind this decision was similar to the one it had cited for adding another Chinese company, Huawei Technologies Ltd., to the list, with fears of the latest tech products manufactured using American-origin technology making their way to the Chinese military being the rationale for both additions. Huawei s sanctions also breathed fresh air into China s attempts of developing its own chip fabrication industry, as investors in the country channeled into the sector and the corresponding valuations and costs went up. Now, with the year coming to an end, data compiled from the Chinese data reposit ....
Dec 18, 2020 14:21 EST The United States Department of Commerce (DoC) officially added China s Semiconductor Manufacturing International Corporation (SMIC) to its Entity List today. This decision further expands the use of American sanctions against Chinese entities that the U.S. government believes are acting against American national security interests by having direct ties to the Chinese military. As the rationale behind its decision, the Commerce department cites Chinese laws that aim towards closely-knit civil-military cooperation, stating that if SMIC is allowed to operate unhindered, then American technology will have furthered Chinese interest at the detriment of the United States. American Sanctions Hit SMIC Precisely At The Process Nodes It s Struggling To Develop ....
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