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December 18, 2020 11:06 am GMT

Troubles rise for Chinas biggest chipmaker SMIC

Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction concern investors. The U.S. Commerce Department is looking to add dozens of companies, mostly Chinese and including partially state-owned SMIC, to its trade blacklist, Reuters and The Wall Street Journal reported […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/8shRmJ7Kk3A/

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