Business
China is in for ‘a tough time’ as U.S. targets tech sector, expert says – CNBC
Tensions between the two countries in the technology space heated up over the weekend with the U.S. considering blacklisting China’s largest chipmaker, Semiconductor Manufacturing International Corporation or SMIC.
SINGAPORE China is in for “a tough time” in the short term as the U.S. tries to deny it access to crucial tech components, a business consultant told CNBC on Monday.
Tensions between the two countries in the technology space heated up over the weekend with the U.S. considering blacklisting China’s largest chipmaker, Semiconductor Manufacturing International Corporation or SMIC.
The measure would restrict SMIC from obtaining specific goods made in the U.S. Even though China has been developing …
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