China’s top chipmaker was already having a rough week. Now its problems are getting much worse.
The US government on Friday slapped harsh restrictions on Semiconductor Manufacturing International Corporation (SMIC) as the Trump administration continues to pile pressure on Chinese firms during its final weeks.
The Commerce Department announced that dozens of Chinese companies, including SMIC, would be added to a so-called Entity List that effectively cuts them off from US suppliers and technology.
“We will not allow advanced US technology to help build the military of an increasingly belligerent adversary,” US Commerce Secretary Wilbur Ross said in a statement, adding that the company “perfectly illustrates” the risks of China using US technology to modernize its military.
SMIC has said previously that it has no relationship with the Chinese military.
The move could create serious problems for SMIC, which…