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A 12-inch wafer at SMIC’s Shanghai headquarters.
Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
The United States has imposed sanctions on Semiconductor Manufacturing International Corp., the Financial Times reported, amid mounting tensions with China over intellectual property and national security.
Exports to China’s largest chipmaker pose an “unacceptable risk” of being diverted to “military use,” the London-based newspaper said on Saturday, citing a letter from the US Department of Commerce to the company. Companies will need licenses to export tech products to SMIC, the newspaper said.
SMIC has not received an official notice of the sanctions, the company said in an emailed statement. The Shanghai-based firm added that it has no relationship with the Chinese armed forces and does not manufacture for any military end-users or end-uses.
The move follows the US ban. Huawei Technologies Co. last year, preventing the company from buying American technology, including chips. SMIC’s clients include US chipmakers. Qualcomm Inc. and Broadcom Inc., according to Bloomberg data.
Shares in SMIC fell 23% in one day earlier this month following a report that the US was considering adding the company. blacklist.
– With the help of Yuan Gao
(Updates to add details, SMIC statement)
