SMIC shares hit after US tightens controls on top China chipmaker

Suppliers will need licenses to ship equipment to company seen as risk by Washington

CHENG TING-FANG, Nikkei staff writer

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.

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