Latest Semiconductor Manufacturing International Corp News

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Dec. 23, 2020. Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. (AP Photo/Lee Jin-man)

Asian stocks gain after Trump criticizes economic aid bill

Dec. 23, 2020 12:21 AM EST

BEIJING (AP) — Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Shanghai, Tokyo, Hong Kong and South Korea advanced in light trading ahead of this week's Christmas holiday. Overnight, Wall Street’s benchmark S&P 500 index...

In this photo provided by the New York Stock Exchange, trader Ashley Lara, left, works on the floor during the Golden Falcon IPO, Friday, Dec. 18, 2020. U.S. stock indexes are slipping from their record levels Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. (Colin Ziemer/New York Stock Exchange via AP)

US stocks slide from records as wait continues for Congress

Dec. 18, 2020 4:50 PM EST

Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses. The S&P 500 fell 0.4%, a day after it and other major indexes returned to record heights. The decline snapped a three-day winning...

FILE - In this Tuesday, March 10, 2020, file photo, Commerce Secretary Wilbur Ross testifies before a House Appropriations subcommittee on Capitol Hill, in Washington.   The Trump administration blacklisted China’s top chipmaker Friday, Dec. 18, limiting the Semiconductor Manufacturing International Corporation’s (SMIC) access to advanced U.S. technology because of its alleged ties to the Chinese military. “We will not allow advanced U.S. technology to help build the military of an increasingly belligerent adversary,’’  Ross said. (AP Photo/Andrew Harnik, File)

US blacklists top Chinese chipmaker, alleging military ties

Dec. 18, 2020 11:47 AM EST

WASHINGTON (AP) — The Trump administration blacklisted China’s top chipmaker Friday, limiting the Semiconductor Manufacturing International Corp.’s access to advanced U.S. technology because of its alleged ties to the Chinese military. “We will not allow advanced U.S. technology to...

China's leaders say tech growth top priority amid US tension

Dec. 18, 2020 8:39 AM EST

BEIJING (AP) — China's ruling Communist Party called Friday for faster technology development to increase the country's economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components. China also needs to improve control over its industrial...

FILE - In this Nov. 9, 2017, file photo, an American flag is flown next to the Chinese national emblem during a welcome ceremony for visiting U.S. President Donald Trump outside the Great Hall of the People in Beijing. U.S. and Chinese trade envoys discussed strengthening coordination of their government’s economic policies during a phone meeting, the Ministry of Commerce announced. (AP Photo/Andy Wong, File)

US adds Chinese chipmaker, oil giant to security blacklist

Dec. 4, 2020 4:28 AM EST

BEIJING (AP) — The U.S. government has stepped up a feud with Beijing over security by adding China’s biggest maker of processor chips and a state-owned oil giant to a blacklist that limits access to American technology and investment. Thursday's announcement adds to steps taken by President Donald...