Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

(981)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Semiconductor Manufacturing International : U.S. blacklists top Chinese chipmaker SMIC over security concerns

12/18/2020 | 10:08am EDT

The Commerce Department said Friday it has added China'sSemiconductor Manufacturing International Corp. to its trade blacklist, saying that the major chipmaker poses national security risks to the United States.

The move could further escalate tensions between the world's two largest economies, just over a month ahead of President Donald Trump's departure from office.

Citing SMIC's "relationships of concern" with the Chinese military-industrial complex, Commerce Secretary Wilbur Ross said in a press release, "We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary."

Placed on the department's "Entity List," SMIC will have limited ability to acquire certain U.S. technologies as American exporters are required to apply for a license to sell to the company. The applications will be reviewed under a "presumption of denial" policy, suggesting that permission will generally be refused.

The department also said it blacklisted more than 60 other entities, including those in China that allegedly enable human rights abuses, support the militarization and unlawful maritime claims in the disputed South China Sea, and engage in the theft of U.S. trade secrets.

SMIC plays a key role in China's efforts to develop a self-sufficient semiconductor industry.

Under the Trump administration, the U.S.-China confrontation has intensified on various fronts including technology security, Hong Kong, Taiwan, human rights issues and control over the South China Sea.

Bilateral tensions are likely to continue under the incoming administration of President-elect Joe Biden, who has vowed to take a tough stance against China over what Washington views as abusive trade practices and human rights violations.

==Kyodo

© Kyodo News International, Inc., source Newswire

All news about SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
07/21Intel's foundry ambitions could be slowed by lack of deal targets
RE
07/19SEMICONDUCTOR MANUFACTURING INTERNAT : 688981) added to Shanghai Stock Exchange ..
CI
07/19SEMICONDUCTOR MANUFACTURING INTERNAT : 981) dropped from Shanghai Stock Exchange..
CI
07/19SEMICONDUCTOR MANUFACTURING INTERNAT : 981) dropped from Shanghai Stock Exchange..
CI
07/16SEMICONDUCTOR MANUFACTURING INTERNAT : 981) added to Shanghai Stock Exchange Com..
CI
07/16SEMICONDUCTOR MANUFACTURING INTERNAT : 981) added to Shanghai Stock Exchange A S..
CI
07/09LONDON STOCK EXCHANGE : FTSE Russell to remove more China stocks from indexes ov..
RE
07/06SEMICONDUCTOR MANUFACTURING INTERNAT : SMIC's R&D Vice President Steps Down Over..
MT
07/06Hong Kong Stocks Suffer Six-Day Rout; Tech Shares Slide Amid Heightened Scrut..
MT
06/28China's Chip Sector Attracts Over $6 Billion in Investments in January-May
MT
More news
Financials (USD)
Sales 2021 4 928 M - -
Net income 2021 741 M - -
Net cash 2021 2 732 M - -
P/E ratio 2021 34,6x
Yield 2021 -
Capitalization 25 539 M 25 544 M -
EV / Sales 2021 4,63x
EV / Sales 2022 4,44x
Nbr of Employees 17 354
Free-Float 82,9%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Duration : Period :
Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Last Close Price 3,23 $
Average target price 3,19 $
Spread / Average Target -1,21%
EPS Revisions
Managers and Directors
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Yong Gang Gao CFO, Secretary, Executive Director & EVP
Zi Xue Zhou Chairman
Mei Sheng Zhou Executive VP-Technology Research & Development
Sector and Competitors