China must engage in a new 'long march' in the technology sector now that the U.S. has imposed export restrictions on Semiconductor Manufacturing International Corp, the country's largest chip manufacturer, Chinese state-backed tabloid the Global Times wrote on Sunday.
FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo
“It now appears that China will need to control all research and production chains of the semiconductor industry, and rid itself of being dependent on the U.S.,” the author wrote. The letter stated that SMIC and its subsidiaries “may pose an unacceptable risk of diversion to a military end use.” SMIC has denied any ties to China’s military.
Although companies such as Tencent Holdings Ltd and Beijing ByteDance Co Ltd have made some tech breakthroughs, they are based on U.S. chip technology, the op-ed argues.
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