News Snapshot:
The U.S. is targeting a Chinese-sanctioned chipmaker by denying its most advanced facility from more U.S. imports after production of a chip for Huawei Technologies' flagship Mate 60 Pro phone, Reuters reported citing people with knowledge of the matter. In 2023, the Commerce Department sent several letters to U.S. suppliers to Semiconductor Manufacturing International (OTCQX:SIUIF) halting consent to sell to its most advanced facility, the report added citing two people with knowledge of the matter. Several companies had already suspended selling to SMIC South, as the unit is called, the letters restricted millions of dollars worth of deliveries of chipmaking...
