SMIC Co-CEO warns of ‘adverse impact’ of U.S. export controls on production

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A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai

SHANGHAI (Reuters) – Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent export controls from the United States will have an “adverse impact” on the company’s production according to a preliminary interpretation of the rules.

(Reporting by Josh Horwitz; Editing by Jacqueline Wong)

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