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Trump is going to officially include SMIC in the list of unreliable Chinese companies
The US authorities began recommending US companies not to have any dealings with the Chinese contract manufacturer SMIC back in September, but the latter has not yet been formally included in the sanctions list. For Donald Trump, the corresponding step may become a “demobilization chord”, which will further complicate relations between the two countries.
Image source: Reuters
Reuters reported about this with reference to informed sources. The list of companies suspected of having links with the Chinese military and government structures already includes 31 legal entities, and soon it may be replenished with four more. SMIC, the largest Chinese contract manufacturer of semiconductor components, which has already mastered the 14-nm process technology, may officially be included in the list of new persons on the list. US sanctions have already cut off SMIC’s access to modern lithographic equipment and software, and overseas customers have begun to transfer their orders to competitors’ conveyors.
The new initiative of the American authorities also implies that from November next year, American investors will not be able to acquire stakes in Chinese companies that are on the sanctions list. SMIC has repeatedly denied its link to order fulfillment for the Chinese defense sector. Chinese companies will also lose access to the US capital market as a result of other restrictions associated with accounting auditing standards, so new ones contributing to this factor will not change much. Local issuers have already begun to raise funds for their development by placing shares on Chinese stock exchanges; Chinese government agencies often participate in these events.
Last week, Reuters reported that the Trump administration is ready to include 89 more Chinese companies on the sanctions list, mainly related to the aerospace industry. It is obvious that the United States is trying to limit China’s access to advanced American technologies, not only in the field of electronics, but also in the aerospace industry. Whether the pressure on China will be eased under President Biden is a big question.