Trump to Add Chinese Chipmaker SMIC to Defense Blacklist: Sources

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The Trump administration is poised so as to add China’s high chipmaker SMIC and nationwide offshore oil and gasoline producer CNOOC to a blacklist of alleged Chinese language navy firms, in response to a doc and sources, curbing their entry to US buyers and escalating tensions with Beijing weeks earlier than President-elect Joe Biden takes workplace.

Reuters reported earlier this month that the Division of Protection (DOD) was planning to designate 4 extra Chinese language firms as owned or managed by the Chinese language navy, bringing the variety of Chinese language firms affected to 35. A current govt order issued by President Donald Trump would stop US buyers from shopping for securities of the listed corporations beginning late subsequent yr.

It was not instantly clear when the brand new tranche, could be printed within the Federal Register. However the record contains China Building Expertise and China Worldwide Engineering Consulting, along with Semiconductor Manufacturing Worldwide (SMIC) and China Nationwide Offshore Oil (CNOOC), in response to the doc and three sources.

SMIC stated it continued “to have interaction constructively and brazenly with the US authorities” and that its services had been solely for civilian and business use. “The Firm has no relationship with the Chinese language navy and doesn’t manufacture for any navy end-users or end-uses.”

The DOD, the Chinese language embassy in Washington and CNOOC didn’t instantly reply to requests for remark.

SMIC, which depends closely on gear from US suppliers, was already in Washington’s crosshairs. In September, the US Commerce Division knowledgeable some corporations that they should get hold of a license earlier than supplying items and companies to SMIC after concluding there was an “unacceptable threat” that gear equipped to it could possibly be used for navy functions.

© Thomson Reuters 2020

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