The United States has placed new sanctions on exports to Semiconductor Manufacturing International Corporation (SMIC), China’s maker of computer chips. According to a report by South China Morning Post, the US Department of Commerce had imposed new restrictions on exports to SMIC, citing the “unacceptable risk” its products posed if they were used by the Chinese military.
China, which relies heavily on the US to import chips, has in the past two years spent more than about USD 300 billion annually on imported chips.
In recent months, President Donald Trump has taken several decisions against Chinese entities and organisation over the concern on security.
On August 6, Trump signed an executive order banning any US transactions with ByteDance, set to take effect in 45 days.
Later on August 14, he…