Hong Kong (CNN Business) Shares in SMIC, China's biggest chipmaker, fell on Monday on fears that it could lose access to key US technology. SMIC said Monday that it was "not aware of the notification" referred to in the news reports. It added in a statement to CNN Business that its semiconductors are for civilian and commercial use, and that it has no relationship with the Chinese military. Chinese state media is already bracing for a potential export ban. Most major semiconductor manufacturing companies, including TSMC and SMIC, rely on US machines and technology.

Source: CNN September 28, 2020 09:45 UTC