April 18, 2021

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Reuters exclusively reports amid shortage, U.S. suppliers to Chinese chip giant SMIC struggle to get export licenses

Technology

Reuters reported exclusively that the U.S. government has been slow to approve licenses for American companies to sell chipmaking equipment to China semiconductor giant SMIC, as the impact of a global chip shortage spreads. Many licenses for U.S. suppliers to ship an estimated $5 billion dollars’ worth of equipment and materials have not come through, sources said, though many firms submitted applications soon after the Chinese company was blacklisted in December.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Technology

Regions: AsiaNorth America

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story