#Pentagon blacklists China chipmaker SMIC and oil producer CNOOC
The Department of Defense designated a total of four companies as being either owned or controlled by the People’s Liberation Army, including China’s largest chipmarker, SMIC and national offshore oil and gas producer, CNOOC. The total number of blacklisted firms is 35 after adding these 4 companies.
U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army.
The U.S. Commerce Department informed some firms that a license is needed before supplying goods and services to SMIC which equipment could be used for military purpose. SMIC replies heavily on U.S. suppliers.
Source: CNBC #Dec03
https://www.cnbc.com/2020/12/03/pentagon-blacklists-china-chipmaker-smic-and-oil-producer-cnooc-.html
#USSanction #SMIC #CNOOC #China #PLA #CCP
The Department of Defense designated a total of four companies as being either owned or controlled by the People’s Liberation Army, including China’s largest chipmarker, SMIC and national offshore oil and gas producer, CNOOC. The total number of blacklisted firms is 35 after adding these 4 companies.
U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army.
The U.S. Commerce Department informed some firms that a license is needed before supplying goods and services to SMIC which equipment could be used for military purpose. SMIC replies heavily on U.S. suppliers.
Source: CNBC #Dec03
https://www.cnbc.com/2020/12/03/pentagon-blacklists-china-chipmaker-smic-and-oil-producer-cnooc-.html
#USSanction #SMIC #CNOOC #China #PLA #CCP