US imposes restrictions on Chinese computer chip manufacturer

 Daily Hunt

September 29, 2020

US imposes restrictions on Chinese computer chip manufacturer

The United States has placed new sanctions on exports to Semiconductor Manufacturing International Corporation (SMIC), China's maker of computer chips. According to a report by South China Morning Post, the US Department of Commerce had imposed new restrictions on exports to SMIC, citing the "unacceptable risk" its products posed if they were used by the Chinese military.

China, which relies heavily on the US to import chips, has in the past two years spent more than about USD 300 billion annually on imported chips.

In recent months, President Donald Trump has taken several decisions against Chinese entities and organization over the concern on security.

On August 6, Trump signed an executive order banning any US transactions with ByteDance,set to effect in 45 days.

US Secretary of State Micheal Pompeo has claimed TikTok and other applications like WeChat  are feeding directly data to China's national security apparatus. 

Reference: https://m.dailyhunt.in/news/india/english/indiatvnews-epaper-intvnews/us%20imposes%20restrictions%20on%20chinese%20computer%20chip%20manufacturer-newsid-n218267044?s=a&uu=0xc1dc2970f31fbabb&ss=wsp

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