"Trump Designates China's Largest Semiconductor Company to Blacklist"...Strong Backlash from China

[Image source=Yonhap News]

[Asia Economy Reporter Kiho Sung] The Donald Trump administration in the U.S. is reportedly set to place China's largest semiconductor foundry (contract manufacturing) company SMIC and China National Offshore Oil Corporation (CNOOC) on a regulatory blacklist.

According to foreign media on the 29th (local time), the blacklist will include SMIC, CNOOC, and China International Electronic Commerce Center Group (CIECC), among others.

This move appears to be aimed at solidifying the outgoing President Trump's tough stance on China while also influencing the incoming Joe Biden administration. Additionally, it reflects the U.S. government's intention to block the Chinese government from using civilian company technologies for military purposes. The U.S. Department of Defense reportedly did not respond to requests for confirmation, according to foreign media.

Chinese authorities strongly opposed the measure, claiming it is a sanction against Chinese companies under the pretext of national security.

Hua Chunying, spokesperson for the Chinese Ministry of Foreign Affairs, said at a regular briefing on the 30th (local time), "China hopes that the U.S. will provide a fair and non-discriminatory environment for Chinese companies' investment and management within the U.S. We firmly oppose such political measures."

Spokesperson Hua added, "The U.S. should not impose sanctions and discriminatory measures on Chinese companies under the guise of national security, nor should it place obstacles to normal cooperation between China and the U.S."

This content was produced with the assistance of AI translation services.