Most major semiconductor manufacturing companies, including TSMC and SMIC, rely on US machines and technology.

SMIC is part of China's push to build a cutting edge semiconductor industry, but that takes a lot of time and a lot of money. The company's stock, Sanctions would significantly hurt the chipmaker's operations because, "Although Chinese substitutes have emerged in parts of the supply chain, their specifications are typically two to three generations behind," Morningstar, A Beijing official said Monday that China "firmly opposes" potential restrictions on SMIC, and criticized the United States for "abusing export controls.".

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Before it's here, it's on the Bloomberg Terminal. Any kind of US export ban on SMIC would mark yet another escalation of tensions between the world's two largest economies, which are locked in a battle over the technologies of the future. Customer Service Hotline:(852) 2880 7004     Customer Service Email: Copyright 2020 ET Net Limited.

Shares in TSMC closed down 0.7% in Taiwan. Stock analysis for Semiconductor Manufacturing International Corp (981:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.

It's not entirely clear whether that letter means that official restrictions on SMIC have gone into effect. Most stock quote data provided by BATS. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account. By Fabian Cambero SANTIAGO (Reuters) - An association of Chilean food suppliers has sued the local unit of U.S. retail giant Walmart (NYSE:WMT) Inc, alleging that the store owner... By Medha Singh and Shivani Kumaresan (Reuters) - The S&P 500 and the Nasdaq rose on Thursday after upbeat economic data eclipsed worries about surging coronavirus cases, while... WASHINGTON (Reuters) - Dan Elwell, the No. 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.

The Hang Seng Index now fell 12 points, or 0.05% to 24,775; the Hang Seng China Enterprises Index now fell 19 points, or 0.19% to 9,983; the Hang Seng TECH Index now rose125 points, or 1.66% to 7,672; with an overall turnover of HK$97.44b. SMIC's fate is still murky. Following news of the restrictions, an op-ed published on Sunday in the Global Times, a tabloid owned by state-backed media outlet People's Daily, called for China to embark on a "long tech march" to counter the U.S.' high-tech suppression against China. US considers restrictions on China's largest chipmaker. Panic Selling Accelerates, Will ECB React? The FT reported that the firm had been "hit by US sanctions.". Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. %USER_NAME% was successfully added to your Block List. US considers restrictions on China's largest chipmaker. Adding SMIC to the trade blacklist would throw up "significant new barriers to China's semiconductor development," Paul Triolo, head of geotechnology at Eurasia Group, wrote in a note last week. Sanctions on SMIC would hurt China's chipmaking ambitions. I told you guys....this will.not end good for us.

SMIC’s shares listed in Hong Kong crashed 25 per cent to HK$28.75. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. ", SMIC added that it is "open to sincere and transparent communication" with US government agencies "in hope of resolving potential misunderstandings.". SMIC also attributed the move to significant administrative burdens and costs of maintaining the listing and registration as well as complying with periodic reporting and related obligations. "It does not mean a blanket ban on SMIC," he wrote.

The restrictions, however, throw a wrench in SMIC's plans as it relies on equipment produced by companies hailing from the U.S. or U.S-allied nations. Last month, it further cut off Huawei's access to other chipmaking companies. The total shares tradedwas 65.29 million, with a value of HK$1.38b. Suppliers of certain equipment to SMIC will now have to apply for individual export licenses, according to a letter from the U.S. Commerce Department dated Friday and seen by Reuters. The threat of sanctions on SMIC has been a worry for some time. SMIC's shares fell as much as 7.9% to HK$17.12 ($2.21), the lowest since May 29, and were last down 6.7%.

Asia's COVID-19 control tempers global stock selloff, U.S. futures... Apple Q4 Earnings Preview: 5G iPhones, Services May Fuel Growth, Panic Selling Can Lead To Multi-Day FX Moves.

{Hot Stocks}SMIC(00981) quoted at HK$21.85, up 5.05%, [ET Net News Agency, 28 October 2020] SMIC (00981) rose 5.05% to HK$21.85, breaking above the 50-D SMA of HK$21.474.

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Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Shares in Chinese chipmaker SMIC fell 6% in Hong Kong on Monday on fears that it will soon lose access to key US technology. Your ability to comment is currently suspended due to negative user reports. The term was a reference to the Red Army's strategic military retreat in the 1930s, which marked the rise of Chairman Mao Zedong. Your status will be reviewed by our moderators.

SMIC shares in Hong Kong fell as much as 15.2%, hitting HK$20.02, the lowest since June 16.

The company said it had not received any official notice of the restrictions and added it has no ties with the Chinese military. Shanghai, 201203 Sanctioning SMIC, for example, would also "further undercut the revenue of US semiconductor manufacturing equipment companies that supply Chinese manufacturers, sapping the funds available to be reinvested into the [research and development] necessary to develop subsequent generations of semiconductors and related manufacturing equipment," Triolo said. China has earmarked more than $200 billion trying to get the country's chip manufacturing industry to develop faster and more advanced semiconductors, according to Triolo. By doing so, you and %USER_NAME% will not be able to see

Lee suspected that if SMIC isn't specifically added to the US government's Entity List, it could be that the US officials are "merely reminding" those that do business with SMIC of the rule change. Sen. Cruz to Twitter CEO: Who the hell elected you? SMIC recently began manufacturing chips at the 14 nanometer process node, about two generations behind the technology used by rival Taiwan Semiconductor Manufacturing Co Ltd.

They need reckoned as well for the Wuhan. In July, SMIC raised nearly $7 billion in a secondary listing on Shanghai's Star Market, China's answer to the Nasdaq.

Basic Information ------------------------------------------- Nominal 21.850 % Chg +5.05% Low 20.400 High 21.850 Shares Tr 65.29m Turnover 1.38b 10-D SMA 20.457 100-D SMA 24.802 20-D SMA 19.470 250-D SMA 18.080 50-D SMA 21.474 RSI14 59.296 ------------------------------------------- Status: Breaking above the 50-D SMA, hitting an 1-month high, active buying orders account for 69%, rising a combined 7.11% over the past 2 consecutive trading days Table: Performance of stocks in the same sector or of relevance Stock (Code) Price(HK$) Change(%) ------------------------------------------------- SMIC (00981) 21.850 +5.05 CE HUADA TECH (00085) 0.720 Unchanged QPL INT'L (00243) 0.212 -3.64 ASM PACIFIC (00522) 83.850 -2.50 PACRAY INT'L (01010) 0.730 -3.95 HUA HONG SEMI (01347) 28.500 +4.20 SHANGHAI FUDAN (01385) 11.980 +1.70 CONTEL (01912) 0.226 -3.42 SMART-CORE (02166) 1.220 -3.94 SOLOMON SYSTECH (02878) 0.192 -4.00 -------------------------------------------------(ed), Next︰27/10/2020 09:34  No immediate impact on SMIC's rating from US export bans, 20/10/2020 08:45  Summary of listed companies announcements (3), 19/10/2020 10:48  {Hot Stocks}SMIC(00981) quoted at HK$21.05, up 5.46%, 19/10/2020 08:45  Summary of listed companies announcements (3), 14/10/2020 08:45  Summary of listed companies announcements (3), 13/10/2020 08:45  Summary of listed companies announcements (2). It may therefore take some time before it appears on our website.

Hong Kong's Hang Seng index, on the other hand, slipped 0.2% to close at 24,193.35. Updated 0944 GMT (1744 HKT) September 28, 2020. Disclaimer. The restrictions, however, throw a wrench in SMIC's plans as it relies on equipment produced by companies hailing from the U.S. or U.S-allied nations. The country needs to prepare for a "new long tech march" after the US attack on SMIC, state-run tabloid The Global Times wrote in an editorial Sunday. The Shanghai stock priced at 68.8 yuan ($10.27) apiece and its Hong Kong shares at HK$80 ($10.32) each.

The company's Shanghai-listed shares dropped 7%. Sign up to create alerts for Instruments, When autocomplete results are available use up and down arrows to review and enter to select.

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