Part for the U.S. department of commerce to smic and its subsidiary and taking a stake in the company listed in the "entity list", yesterday evening, smic's announcement responded that this matter to the company operation and financial situation in the short term without significant adverse impact, to below 10 nm and advanced technology research and development and the construction of a productivity have a significant adverse impact, the company will continue with the relevant government departments to communicate, and circumstances take all possible measures to actively seek solutions, and strive to minimize the adverse effects.
On December 18, the US Department of Commerce added SMIC and some of its subsidiaries and joint-stock companies to its "entity List" on the grounds of protecting the US national security and diplomatic interests.
Smic responded that after the company was added to the "entity list", according to relevant US laws and regulations, suppliers must obtain an export license from the US Department of Commerce for the products or technologies applicable to the US Export Control Regulations.For 10 nm node (including extreme ultraviolet technology) and the following technology products or technology, the Commerce Department will take the Presumption "reject" (Presumption of ") approval policy review;At the same time the company for some special customers to provide OEM services may also be limited.
According to the announcement, the company has been working to communicate with relevant DEPARTMENTS of the US government since September 5, 2020, when it learned from the media that it might be blacklisted by the US Department of Commerce in order to get fair and just treatment.Regrettably, however, companies are still included in the "entity list".Smic expresses its firm opposition to this, and reiterates that since its establishment, smIC has always abided by the principles of compliance operation, strictly abided by the laws and regulations of relevant countries and regions involved in production and business activities, and has never had any business activities involving military applications.
The following is the full text of SMIC's response:
Notice on inclusion of smIC in the Entity List
On December 18, 2020, SMIC International Manufacturing Co., LTD. (hereinafter referred to as "SMIC" or "the Company") noted that the U.S. Department of Commerce (DOC) had included SMIC, some of its subsidiaries and joint-stock companies in the "Entity List" for the purpose of protecting the NATIONAL security and diplomatic interests of the United States.
After the Company is included in the Entity List, the supplier shall obtain an export license from the U.S. Department of Commerce to supply the Company with products or technologies applicable to the U.S. Export Control Regulations in accordance with relevant U.S. laws and regulations;For 10 nm node (including extreme ultraviolet technology) and the following technology products or technology, the Commerce Department will take the Presumption "reject" (Presumption of ") approval policy review;At the same time the company for some special customers to provide OEM services may also be limited.
Since the company learned from the media on September 5, 2020 that it may be blacklisted by the US Department of Commerce, it has been working hard to communicate with relevant departments of the US government in order to get fair and just treatment.Regrettably, however, companies are still included in the "entity list".Smic expresses its firm opposition to this, and reiterates that since its establishment, smIC has always abided by the principles of compliance operation, strictly abided by the laws and regulations of relevant countries and regions involved in production and business activities, and has never had any business activities involving military applications.
Preliminary assessment of the company, the issues on the company operation and financial situation in the short term without significant adverse impact, to below 10 nm and advanced technology research and development and the construction of a productivity have a significant adverse impact, the company will continue with the relevant government departments to communicate, and circumstances take all possible measures to actively seek solutions, and strive to minimize the adverse effects.
Smic will strictly abide by the relevant rules and fulfill the obligation of information disclosure in a timely manner according to the development of subsequent events. We sincerely invite the majority of investors to pay attention to the company announcement and pay attention to investment risks.
This is to announce.
Smic International Integrated Circuit Manufacturing Co. LTD
The board of directors
December 21, 2020