The Trump administration put in place restrictions on U.S. technology exports to China's biggest chipmaker, Semiconductor Manufacturing International Corp., the WSJ reported Saturday. Why it matters: The curbs are the latest restrictions issued by the Trump administration to limit China's efforts to compete in advanced technology, per WSJ. The other side: A SMIC spokeswoman cited by WSJ said in an emailed statement that the company continues "to engage constructively and openly" with the U.S. Department of Commerce. The Company has no relationship with the Chinese military and does not manufacture for any military end-users or end-uses,” the spokeswoman added. Go deeper: Chipmaker secures largest Chinese IPO in nearly a decade

Source: Wall Street Journal September 26, 2020 20:39 UTC