SMIC releases further information on US export restrictions

 SMIC releases further information on US export restrictions

On the evening of October 4, SMIC again responded to the matter, saying that it had learned that the US Department of Commerces Bureau of industry and security (BIS) had indeed sent a letter to some suppliers in accordance with the US export control regulation ear744.21 (b). The content of the letter showed that some of the US equipment, accessories and raw materials exported to SMIC would be subject to further restrictions under the US export control regulations Only after applying for export license in advance can we continue to supply to SMIC.

In response to the export restrictions, SMIC said that the company and BIS have conducted preliminary exchanges and will continue to actively communicate with relevant U.S. government departments.

SMIC also said it was assessing the impact of the export restrictions on the companys production and operations. SMIC will continue to follow up this matter and issue further announcement in due course for the possible important impact on the companys future production and operation.

On September 28, Chinas Ministry of foreign affairs responded that China firmly opposed the U.S. governments generalized national security concept, violated the principles of market economy and fair competition, violated international economic and trade rules, abused export control and other restrictive measures, and unreasonably suppressed Chinese enterprises and disrupted the normal international economic and trade order. China will continue to take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises.

Source of this article: Liu Fei, editor in charge of micro network_ NBJS10390