Electronics Weekly Electronics Design & Components Tech News
SMIC shares fell 7% on the news.
SMIC has a capex budget of $4.2 billion for 2020 as it tries to upgrade its process technology beyond 14nm, but without US-controlled equipment it won’t be able to do it.
Recently the company raised $6.6 billion on the Shanghai Star stock exchange in a share sale supported by the China government which sees SMIC as its front-runner in the country’s efforts to acquire a leading-edge logic process capability.
Washington’s reason for the new restriction was the “unacceptable risk” that equipment would be used to make chips for the Chinese military.
SMIC says it doesn’t make chips for the Chinese military.
“Washington’s reason for the new restriction was the “unacceptable risk” that equipment would be used to make chips for the US military.
SMIC says it doesn’t make chips for the Chinese military.”
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Whaaat? 😉
Sorry. Should be Chinese military in both case.