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Stock impact report

SMIC ‘Potentially' Broke Law If It Made Chip for Huawei, US Says [BNN Bloomberg (Canada)]

ASML Holding N.V. - New York Registry Shares (ASML) 
Last asml holding n.v. - new york registry shares earnings: 4/15 01:00 am Check Earnings Report
Company Research Source: BNN Bloomberg
Under Secretary of Commerce for Industry and Security Alan Estevez was questioned about the 7-nanometer processor that SMIC made for Huawei during testimony before lawmakers Thursday. When asked by Foreign Affairs Committee Chairman Michael McCaul whether SMIC violated US controls, Estevez said “potentially, yes.” “We'll assume that it was SMIC,” Estevez said. “I can't talk about any investigations that may or may not be going, but we certainly share those concerns, and that's certainly the reporting.” Estevez heads the agency's Bureau of Industry and Security, which is responsible for chip export controls and sanctions that the Biden administration hopes will kneecap China's semiconductor ambitions. President Joe Biden has introduced sweeping restrictions on the ability of Chinese companies to purchase advanced chips and chipmaking gear from American firms, and persuaded key allies including the Netherlands and Japan to introduce their own curbs. Despite those efforts, Shenzen Show less Read more
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