Forwarded from 📡Guardians of Hong Kong
US Defense Adds SMIC and CNOOC to Blacklist
The US Department of Defense added four more Chinese companies, including SMIC and CNOOC, with alleged ties to the Chinese military restricting them from receiving certain goods and services from the US.
According to the US Department of Defense, Semiconductor Manufacturing International Corp. (SMIC), China National Offshore Oil Corp. (CNOOC), China International Engineering Consulting Corp., and China Construction Technology Co. are controlled or owned by the Chinese military, bringing the total number of blacklisted Chinese firms to 35.
In September, the US Department of Defense indicated that it was working on a decision on blacklisting SMIC. In the same month, the US Department of Commerce informed some companies that they need to obtain a license before supplying goods and services to SMIC as the products or equipment supplied could be used for military purposes and pose an “unacceptable risk”.
Source: Stand News #Dec04
https://bit.ly/3gGSNle
#US #DepartmentofDefense #Blacklist #PLA #SMIC #CNOOC
The US Department of Defense added four more Chinese companies, including SMIC and CNOOC, with alleged ties to the Chinese military restricting them from receiving certain goods and services from the US.
According to the US Department of Defense, Semiconductor Manufacturing International Corp. (SMIC), China National Offshore Oil Corp. (CNOOC), China International Engineering Consulting Corp., and China Construction Technology Co. are controlled or owned by the Chinese military, bringing the total number of blacklisted Chinese firms to 35.
In September, the US Department of Defense indicated that it was working on a decision on blacklisting SMIC. In the same month, the US Department of Commerce informed some companies that they need to obtain a license before supplying goods and services to SMIC as the products or equipment supplied could be used for military purposes and pose an “unacceptable risk”.
Source: Stand News #Dec04
https://bit.ly/3gGSNle
#US #DepartmentofDefense #Blacklist #PLA #SMIC #CNOOC
Forwarded from 📡Guardians of Hong Kong
#Pentagon blacklists China chipmaker SMIC and oil producer CNOOC
The Department of Defense designated a total of four companies as being either owned or controlled by the People’s Liberation Army, including China’s largest chipmarker, SMIC and national offshore oil and gas producer, CNOOC. The total number of blacklisted firms is 35 after adding these 4 companies.
U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army.
The U.S. Commerce Department informed some firms that a license is needed before supplying goods and services to SMIC which equipment could be used for military purpose. SMIC replies heavily on U.S. suppliers.
Source: CNBC #Dec03
https://www.cnbc.com/2020/12/03/pentagon-blacklists-china-chipmaker-smic-and-oil-producer-cnooc-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
#USSanction #SMIC #CNOOC #China #PLA #CCP
The Department of Defense designated a total of four companies as being either owned or controlled by the People’s Liberation Army, including China’s largest chipmarker, SMIC and national offshore oil and gas producer, CNOOC. The total number of blacklisted firms is 35 after adding these 4 companies.
U.S. officials have long complained that Chinese companies are beholden to the People’s Republic of China and collect sensitive information on behalf of the People’s Liberation Army.
The U.S. Commerce Department informed some firms that a license is needed before supplying goods and services to SMIC which equipment could be used for military purpose. SMIC replies heavily on U.S. suppliers.
Source: CNBC #Dec03
https://www.cnbc.com/2020/12/03/pentagon-blacklists-china-chipmaker-smic-and-oil-producer-cnooc-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
#USSanction #SMIC #CNOOC #China #PLA #CCP
Forwarded from China in Focus - NTD
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Chinese state-owned oil giant #CNOOC raised over $4 billion in its #Shanghai stock exchange debut. But nearly half of those shares were purchased by Chinese state-owned companies.
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