Amid the US President Donald Trump alongside his Administration’s stubborn moves aimed at piling up pressures on Beijing by blocking the access of China into the US technologies, US regulators had been brewing off an option to add the China’s leading chipmaker SMIC (Semiconductor Manufacturing International Corp.) in to a list of foreign entities which would be requiring Govt.
permission to access US technologies over accusations that the partially state-owned publicly listed Shanghai-based semiconductor industry megalith had been involved in developing military equipment for China, however, SMIC had declined the US allegations, a Wall Street Journal report published late on Saturday had unveiled citing Govt.
sources. In factuality, latest US move to amplify its feud with Beijing came forth weeks after the USTR (US Trade Representative) had inclined a crippling ban on the world’s largest telco gear maker Huawei Technologies which appeared to have become a collateral in the two-year long trade dispute between the world’s first- and second-largest economy, while the latest White House approach to incline a sweeping ban on SMIC seemed to be stemmed off a US concept to reduce China’s influence into the global tech industries.
Chinese chipmaker SMIC denies military tie-ups
Meanwhile, as US regulators were quoted saying on Saturady that they had been probing on SMIC’s role in Chinese military development, SMIC, the Hang-Seng listed one of the largest chipmakers across the globe said in a statement, “We have no relationship with the Chinese military.
SMIC products are solely for civilian and commercial end-users and end-uses. (SMIC) is open to sincere and transparent communication with Washington to resolve potential misunderstandings”. However, Washington also added last week that it was worried on China’s interest to develop long-range missiles and supercomputer chips that could be used to launch nuclear warheads from remote locations alongside other high-tech arsenals built on US technology amid territorial dispute over control of the South China sea.
Twenty years ago, SMIC was founded by China’s ruling pro-CCP in a bid to reduce the country’s reliance on foreign technology.