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
Yeah cost of labor is increasing, but there is a class system in Taiwanese businesses in China. People get paid differently judged by their nationality even if doing the same jobs. A former colleague of mine got 3 times the pay by leaving Foxconn and getting practically the same job at OFilm.
As such, Taiwanese workers that are sent to China gets paid more there, as they're working abroad in a kind of "expat" capacity.
I loathe the term though, especially as if you're not white, you're apparently a migrant worker and not an expat...
Foxconn pays shit regardless. Terry was complaining that fresh university graduate engineers in Taiwan was asking for too much money and they shouldn't get paid more than about NT$23,000 a month, or roughly US$800.
I entered Foxconn as a graduate with a masters degree and got paid 50K NTD a month, being in China gives me around another 20~30K. It rounded out to about 15~16K CNY at the time. Whereas the hiring a similar graduate from China pays 5000 CNY plus overtime pay which are handed out base on their Taiwanese manager's mood. My former manager sometimes refuse to pay them for overtime to cut department cost, lovely eh? They could easily get 10K+ from a local Chinese business. Not surprising how Foxconn in China was the place to go "when no one else wants you."
Back to the topic of this thread, I guess a lot of Chinese nationals won't be sad about foreign manufacturing companies leaving either...
Great news for Europe, when we will become rich and able to spent for RTX 3080 this will be faster clocked than what Americans will get instead in their market. :roll: