Trade warSMIC shares hit after US tightens controls on top China chipmaker
Suppliers will need licenses to ship equipment to company seen as risk by Washington
SMIC is facing increased pressure from the U.S., which wants its suppliers to obtain licenses. © Getty Images
CHENG TING-FANG, Nikkei staff writer
September 28, 2020 12:55 JST
TAIPEI -- Shares in Semiconductor Manufacturing International Co. fell sharply on Monday after the U.S. tightened controls for suppliers to the Chinese chipmaker, exposing the company as the latest target of Washington's attempt to rein in China's tech ambitions.