SMIC notice: assessing the impact of export restrictions

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 SMIC notice: assessing the impact of export restrictions


SMIC said that after several days of inquiry and discussion with suppliers, the company learned that the Bureau of industry and security (hereinafter referred to as bis) of the U.S. Department of Commerce has sent letters to some suppliers in accordance with the United States export control regulations ear744.21 (b), and that some of the US equipment, accessories and raw materials exported to SMIC will be further restricted by the U.S. export control regulations Only after applying for export license can we continue to supply to SMIC. In view of the export restrictions, the company and BIS have conducted preliminary exchanges, and we will continue to actively communicate with relevant U.S. government departments.

SMIC said it was assessing the impact of the export restrictions on the companys production and operations. Based on the fact that the supply period of some equipment, accessories and raw materials exported from the United States will be extended or uncertain, which may have an important adverse impact on the companys future production and operation. The company will continue to follow up this matter and issue further announcements in due course.

In addition, SMIC reiterated that it has always adhered to the compliance operation and complied with the relevant laws and regulations of the place of operation.