U.S. Blacklists More Than 60 China Firms Including SMIC

The US has added 60 companies to a blacklist due to their alleged links to the Chinese military and human rights abuses. Among these is SMIC, a major Chinese chipmaker. The blacklist aims to curb China's semiconductor development, impacting SMIC's long-term growth. SMIC plans to consult with the US government, while China vows retaliation.

What is the primary reason the US has added companies to the blacklist?

• To encourage technological innovation

• To improve diplomatic relations

• Due to their links to the Chinese military and human rights abuses

• To promote fair trade practices

Why is SMIC's inclusion on the blacklist significant for China?

• It has a monopoly on the global chip market

• It is the largest employer in China

• It was expected to lead in semiconductor development and reduce reliance on US imports

• It is a leading producer of consumer electronics

What immediate effect does SMIC expect from being on the blacklist?

• A significant drop in stock prices

• No major short-term financial impact

• A halt in all operations

• Immediate financial losses

What long-term impact does SMIC anticipate due to the blacklist?

• Increased market share

• Expansion into new markets

• Major impact on the development of advanced chips

• Improved relations with the US

How has China responded to the US blacklist?

• By seeking diplomatic talks

• By planning to retaliate against the US

• By ignoring the blacklist

• By increasing imports from the US