China’s largest semiconductor maker, Semiconductor Manufacturing International Corp (SMIC), pocketed a record $1.5 billion in revenue from American semiconductor-design companies hiring SMIC to make their chips – despite being blacklisted by the US Commerce Department, the Wall Street Journal reported.
SMIC has been declared a Chinese military supplier by the Pentagon and also added to a Treasury Department list banning Americans from trading its shares, the report went on, but a fifth of its overall sales were still from the US last year, raising questions among US lawmakers about the effectiveness of their curbs.
Read the full story: The Wall Street Journal
- By Sean O’Meara
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