US penalises 2 Chinese firms that acquired US equipment for SMIC
US has penalised two Chinese firms, GMC Semiconductor Technology (Wuxi) Co and Jicun Semiconductor Technology, that acquired country's chipmaking equipment for Chinese chipmaker SMIC, according to a US government posting. The two firms have been added to Commerce Department's restricted trade list. SMIC was already on the restricted trade list, and shipping US equipment to them requires licenses.