China chipmaker SMIC says US blacklisting will hurt its advanced technology | HT Tech

China chipmaker SMIC says US blacklisting will hurt its advanced technology

The United States added dozens of Chinese companies, including SMIC and Chinese drone manufacturer SZ DJI Technology Co, to a trade blacklist on Friday.

By:REUTERS
| Updated on: Dec 20 2020, 20:02 IST
Representational image.
Representational image. (Unsplash)
Representational image.
Representational image. (Unsplash)

China's biggest chipmaker SMIC said on Sunday that being put on a U.S. trade blacklist would pose a significant adverse impact to its research and development in its 10-nanometer and more advanced chip technology.

The United States added dozens of Chinese companies, including SMIC and Chinese drone manufacturer SZ DJI Technology Co, to a trade blacklist on Friday.

Also read: Samsung to launch new Exynos chip on January 12

In a filing on the Shanghai stock exchange, the chipmaker said it did not expect the U.S. decision to have a major negative impact on its short-term operations and finances.

SMIC said it would keep communicating with the U.S. government and take all possible steps for a solution.

Reporting by Meg Shen in Hong Kong and Roxanne Liu in Beijing.

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First Published Date: 20 Dec, 20:02 IST
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