SMIC says US blacklisting will hurt its advanced technology …

A security officer stands outside a building of Semiconductor Manufacturing International Corporation (SMIC) during its grand opening in Shanghai November 22, 2001. — Reuters pic

HONG KONG, Dec 20 — China’s biggest chipmaker SMIC said today that being put on a US 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.

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

SMIC said it would keep communicating with the US government and take all possible steps for a solution. — Reuters

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