U.S. blacklists top Chinese chipmaker SMIC over security concerns

The Commerce Department said Friday it has added China’s Semiconductor Manufacturing International Corp. to its trade blacklist, saying that the major chipmaker poses national security risks to the United States. The move could further escalate tensions between the world’s two largest economies, just over a month ahead of President Donald Trump’s departure from office. Citing SMIC’s “relationships of concern” with the Chinese military-industrial complex, Commerce Secretary Wilbur Ross said in a press release, “We will not allow advanced U.S. technology to help build the military of an increasi…

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