US blacklists top China chipmaker SMIC and oil giant CNOOC

Move aims to block investment that could benefit Beijing's military

20201204 SMIC and CNOOC logos

The U.S. has labelled Semiconductor Manufacturing International Co. and China National Offshore Oil Corp. as "Communist Chinese military companies." (Source photos by AP and Reuters)

CHENG TING-FANG, LAULY LI and KENJI KAWASE, Nikkei staff writers

TAIPEI/HONG KONG -- China's largest contract chipmaker and one of its biggest oil groups have been added to a U.S. blacklist over alleged military ties, escalating Washington-Beijing tensions in the final days of the outgoing Trump administration.

Semiconductor Manufacturing International Co. and China National Offshore Oil Corp. were among the four additions to the U.S. Defense Department's list of "Communist Chinese military companies" on Thursday night.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.