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

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
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