US needs to crack down on Chinese chipmaker SMIC, Republican lawmaker says
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A Republican lawmaker has criticized the Biden administration for not taking sufficient action against China's Semiconductor Manufacturing International Corp (SMIC), which is seen as bolstering China's chipmaking industry and military capabilities.
November 05, 2024 | 3:30 pm
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A Republican lawmaker has called for stricter measures against SMIC, accusing the Biden administration of not doing enough to curb its influence in China's chipmaking and military sectors.
The call for stricter measures against SMIC by a US lawmaker could lead to increased regulatory scrutiny and potential sanctions, negatively impacting SMIC's operations and stock price.
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