Monday, September 28th 2020
US Government Could Blacklist Chinese Chipmaker SMIC
The Trump administration has reportedly been considering adding to Chinese chipmaker SMIC (Semiconductor Manufacturing International Corporation) to the trade blacklist of Chinese companies, restricting the company of doing any business with the United States and/or with any of its affiliates. The original report comes from Reuters and it states that the move came from Pentagon after considering whatever SMIC should be placed on a blacklist. It is so far unclear if other US agencies support the decision, however, it should be public in the near future. The company has received the news on Saturday and it was "in complete shock" about the decision. Shortly after the news broke, SMIC stock has fallen as much as 15% amid the possible blacklist. If SMIC would like to continue working with American suppliers, it would need to seek a difficult-to-obtain license from the government.
Update 28th September: The United States government hasofficially imposed sanctions on the Chinese chipmaker SMIC. The company is now under US sanctions and is placed on a trade blacklist.
Source:
Reuters
Update 28th September: The United States government hasofficially imposed sanctions on the Chinese chipmaker SMIC. The company is now under US sanctions and is placed on a trade blacklist.
82 Comments on US Government Could Blacklist Chinese Chipmaker SMIC
As you note some reasons why China needs dealing with I do not see your comment at the end being done
It's just well past time to get tough with China period
If not current president than whom would ?? surely not anyone running against him this year this would just be a return to prior practice of selling out the USA again and blind eye.
Martha Stewart went to jail for using sweat shops in China nothing has happened to Nike/..... and NBA contracts are saints lolHi,
Evidence is clear in death rates and fact China locked down it's self but let people leave to other contries so wear blinders if you like but it's way to obvious to most people this might of started as an accident but what China did after was on purpose.
Open boards guy I see typical response US can not take care of everyone who comes here illegally period only triggered snow flakes think we can mostly because they have no plans to make money and pay taxes only take.
But I won't stress you too much you must be late to a riot somewhere :)
The question is how much is the correct amount of pressure. I don't trust Trump one bit to make that decision.
The reasoning for this is not just to protect western tech from competition (though that's certainly a nice side effect), but to protect it from rampant tech piracy that China tends to be famous for. Even if China remains the government that it sadly is (and I don't doubt that), maybe the tariffs will at least help them learn to play by the rules the rest of the world goes by. Here's hoping, I guess?
I've been critical of a lot of policy from the present admin but this is one I've been somewhat mixed on, because it really does need to happen in certain aspects.
China is an aggressor with the instilled cultural belief of manifest destiny to rule the world and I never claimed the US was innocent either - To be fair BOTH do their share of dirty deeds as any other nation you can name has all along.
If you can name them, they've done it - Period.
And I can say if 9-11 hadn't happened, we probrably woudn't have been in the places you named.
As for banning corporations from doing business elsewhere, that also happens for whatever reasons - China does the same thing itself.
I just have a very dim view of America's belief in itself as a bastion of freedom and equality when it so abjectly is not.
I do find it funny as hell when someone says another country is systemically racist but then says he hates that countries people
Interesting like the pot calling the kettle black now that is irony lol :kookoo:
US is producing probably 10% of what they need and most of the stuff they buy/use is from China.
Guess what will happen if China decides to say f**c you to US.
US will turn into a new Mexico.
Exactly my point. US are retards alienating China over perceived Huawei spying for the Chinese gov.
History is a funny thing... Always written by the hands of the winners but always remembered by the loosers as long as they don't get wiped/genocided to oblivion...
China isn't needed for anything as such.
Besides, you have clearly not been paying attention, most of the manufacturers are already moving production to India, Vietnam, Thailand, Malaysia and of course Taiwan already.
The Chinese companies are actually not the ones making any of those products, as those companies are mainly Taiwanese.
Foxconn - Taiwanese
Flex (Flextronics) - Singapore/USA
Pegatron - Taiwanse
Quanta - Taiwanese
Compal - Taiwanese
Wistron - Taiwanes
Inventec - Taiwanese
Lite-On - Taiwanese
Qisda - Taiwanese
Mitac - Taiwanese
Cal-Comp - Thai
So again, who needs China?Too soon.
Aside from that this move is obvious, it's Political first, then business as second, look at SMIC what do they even produce, they are doing it now, probably stolen Micron technology or whatever, where were all these people when Apple started doing business with Chinese Govt. when they bent over for the Xi and CCP to shove and take control over the iCloud data and servers and every single bit and ban VPNs & how Disney moves close to CCP, esp with their latest IP lawsuits on 3rd party Toy makers in China, the CCP doens't care but when the money comes in they blast them off, a big 3P toymaker for transformers got shoved hard in China. Or where were people when AMD got DoD approval for the Zen IP transfer in 2016 to Hygon. American Wall.St made China where it is now, they didn't care about the long term and wanted short term and got what they wanted, China in return grew exponentially, to the point of corrupting Americans from Reddit censorship and influencing goliath gaming studios like Activision / Blizzard, Epic games bending over Tencent, Hollywood as well. And Venture Capitalists in Silicon Valley, esp the uber libertarian socjus social media activists we often see on Social Media nowdays on Twitter and Reddit are often against U.S & even American companies themselves, like Apple and look at that Google Project Dragonfly, that move after how many years of abandoning Chinese market ? Look how America is willing to make such moves to sell itself out, sad truth.
Chinese aggression has been over the top lately, China is going the route of debt based sugar daddy system on Sri Lanka, South China Sea, Africa (WHO Covid disaster who can forget ?) and other parts of the world esp India - Pakistan clashes and Chinese stance. No one is an innocent. This is purely the American way of controlling the Technology, by this move SMIC's SSDs won't take off, look at EU and ASIA, Huawei, BBK and Xiaomi control a lot, again they learnt that from Apple's Pegatron, Foxconn facilities in China, how come a nobody in Tech can rise to such ranks. Chinese mastered the art of Reverse Engineering from Technology & Military. And the way to see this is multifaceted to be honest. India cannot be much aggressive over China, Russia cannot only U.S can do it so why not use the power when you have ? That's why Taiwan also announced TSMC fab in AZ to get the American hand in the geopolitical warfare of technology.
Forgot the most important thing, CCP is the actual part which is ruining China, be it their advantage of removing poverty and not making a disaster like western civ destabilization which is happening esp this year in all forms of entertainment from games, movies, TV shows having the socio PC garbage. All of them traded for the loss of complete liberty and total authoritarian. Japan & S.K are much better in this aspect as unlike west derangement and Chinese authoritarian they are still a democratic system and still are conservative respecting their nation's history or family values, however it's up-to them on how long they can continue that as we can see cracks in that too sadly.
And fun fact about these Taiwanese businesses that operate in China. Chinese staff are generally treated like crap, get about 1/4 to 1/3 the pay of Taiwanese staff for being in the same role. I wasn't on the receiving end of that BS, but I couldn't stand seeing people treated like 3rd class citizens just for being born in a different place.
en.wikipedia.org/wiki/Foxconn#International_operations
They've been making iPhones in India for a few years already, together with Compal.
Foxconn, Wistron and Pegatron has just announced that they'll be investing more in India as well.
www.taiwannews.com.tw/en/news/4019455
Yes, as of today, they still make most things in China, but things are changing, for many reasons, least not the current US stance on China, but also because these companies understood how vulnerable they are focusing so much of their production on China.
You also need to catch up with the times, labour in China is no longer cheap and in fact, most staff in western and southern China gets paid more than the equivalent person doing the same job in Taiwan. On top of that, a lot of factory workers in Taiwan are from the Philippines or Indonesia these days, as that's where Taiwan gets low cost labour from to do the assembly jobs. They get paid as you mention, a lot less than the Taiwanese doing the same jobs.