UGN Security

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.


The post Reuters exclusively reports amid shortage, U.S. suppliers to Chinese chip giant SMIC struggle to get export licenses appeared first on Reuters News Agency.

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