Like TSMC and other fabs, SMIC relies on a number of US-based companies, such as Applied Materials, to obtain key production equipment. — Reuters
HONG KONG/SHANGHAI: China's biggest chipmaker SMIC plunged a fifth on Sept 7 in response to news of potential US sanctions against the company, wiping HK$28bil (RM15.02bil) off its market value and prompting analysts to predict doom if a ban is implemented.
On Sept 4, Reuters reported that the US Department of Defense might block American companies from providing goods and services to the company, Semiconductor Manufacturing International Corp (SMIC).
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