Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Did Sichuan Forget to Tell Chongqing About Their Joint Olympic Bid?
Alibaba’s Healthcare Unit Finds Tonic for Profits
Trending in China: Beijing Tackles Parking Shortage With Shared Spaces
Chinese Wireless Telecoms Operators Join Forces to Build 5G Base Stations to Reduce Costs
Ruhnn, Another U.S.-Listed Chinese Company Looks to Go Private
Unicorns surge to 500 in number as US and China account for 70%
Trending in China: Social Media Comes Out in Support of High Quality Fakes
Xiaomi-Backed IoT-Enabled Appliance Maker Sees Revenues Grow While Profits Slump
Chinese Startup WeRide Reports Promising Robotaxi Results
Trending in China: God recalls his hand – tributes to Maradona from Chinese social media after his death
Tesla to Manufacture Electric Car Chargers in China
China Restricts Livestreaming Spending and Blocks Underage Users from Tipping Performers
TikTok Granted One-Week Extension of Forced-Sale Deadline
Chinese Online Language Educator 51Talk Speaks the Language of Profit
Trending in China: Are Elderly ‘Collateral Damage’ in Increasing Technological Cashless World?
Trending in China: Black and White ‘Little Miracle’ Born to 22-Year-Old Panda in Washington
Facing U.S. Sanctions, Huawei May See Global Smartphone Share Slump to 4% in 2021
Chinese LGBTQ Dating App Owner BlueCity Acquires Youth-Focused Gay Platform Finka
Xiaomi-Backed Smart Wearables Maker Huami Sees Profits Slump Despite Revenue Growth
Baidu Maps Illegally Using Other Chinese Firm’s Mapping Info, Court Finds.
U.S. Tightens Sanctions on SMIC, But Short-Term Revenue Impact Unlikely

By Han Wei / Oct 06, 2020 11:02 AM / World

The U.S. Bureau of Industry and Security (BIS) has sent letters to some of Semiconductor Manufacturing International Corp.’s (SMIC) suppliers telling them that exports to China’s largest computer chipmaker are subject to additional export restrictions, SMIC said Sunday.

The Shanghai-based company said it is evaluating the impact of the curbs and warned of adverse effects on its production amid supply uncertainties.

“The U.S. previously saw SMIC as a civilian enterprise but now deemed it as a military business,” an electronics industry analyst in China said. SMIC has denied it has links to China’s military.

It is thought that the sanctions may adversely impact the company’s efforts to catch up with the technological capabilities of the world’s most advanced chipmakers.

However, the curbs’ impact on SMIC’s revenue for now is likely to be marginal as advanced chips still account for less than 10% of its sales, according to its second-quarter financial report.

To read the full story, click here

Contact reporter Han Wei ( and editor Bob Simison (

Share this article
Open WeChat and scan the QR code