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US-China tensions

SMIC says US sanctions will hurt advanced-chip development

Chinese tech leader rejects alleged relationship with the military

SMIC said in a statement that "the U.S. move will badly affect the company's own R&D and production capacity construction of advanced technologies of 10 nanometers and below."   © Reuters

BEIJING -- China's top chipmaker Semiconductor Manufacturing International Corp. said Sunday that its addition to a U.S. export control blacklist will likely hamper its development of cutting-edge technologies.

In a statement, SMIC said that an initial assessment shows that "the U.S. move will badly affect the company's own R&D and production capacity construction of advanced technologies of 10 nanometers and below."

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