China’s top chipmaker, Semiconductor Manufacturing International Corp., “warrants investigation” as the company appears to have violated US sanctions by supplying components to Huawei Technologies Co., a US lawmaker said. “It sure looks like it did” violate sanctions, Representative Michael McCaul said Wednesday at a briefing at the US embassy in the Hague. Existing rules require any company that intends to supply Huawei with US technology, which is present throughout SMIC’s operations, to get approval from Washington. The BIS said SMIC’s inclusion on the list is due to national security concerns. McCaul added that he would warn investors including ASML Holding NV, Europe’s most valuable tech company, about investing in China.

Source: The Hindu September 07, 2023 13:16 UTC