China’s Chipmaker Stock SMIC Plunges After U.S. Hints of Blacklisting It
The U.S. Department of Defense said that there were reports of SMIC’s alleged involvement with the Chinese military and further passing on their chip technology for China’s defense purposes.The United States continues to tighten its grip over Chinese tech companies. After issuing a ban on TikTok, the U.S. is looking
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