A short thread: US is looking to restrict exports to China's biggest chipmaker SMIC.

That's huge. SMIC is key to China's plans to create a homegrown chip sector. Given how critical semiconductors are to future tech, the knock on effect could be big. https://t.co/Yad3x34Uze

— Arjun Kharpal (@ArjunKharpal) September 28, 2020

TikTok gets the headlines because it's media and we all know it.

But this new China fight is far larger and far more important economically than social mediahttps://t.co/w5efvztgbG

— Brian Sullivan (@SullyCNBC) September 28, 2020

US sanctions on chipmaker SMIC hit China's tech ambitions

The move threatens to hit at the heart of China's plans to boost its domestic semiconductor industry, a need that has been accelerated by the trade war with the U.S.
https://t.co/7BS9qGkEwe

— Amit Paranjape (@aparanjape) September 28, 2020

Shares in SMIC, China's biggest chipmaker, fell on Monday on fears that it could lose access to key US technology. https://t.co/1YFYaGMKsu

— CNN (@CNN) September 28, 2020

Shares in SMIC, China's biggest chipmaker, fell on Monday on fears that it could lose access to key US technology. https://t.co/fsR7v987Yj

— CNN International (@cnni) September 28, 2020

Shares in SMIC, China's biggest chipmaker, fell on Monday on fears that it could lose access to key US technology. https://t.co/fg3jOc1PuD

— CNN International (@cnni) September 28, 2020

Global Times: Time for a "new long march" after U.S. slaps sanctions on chip maker SMIC. "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 US."https://t.co/MoXUWL7DUU

— Jonathan Cheng (@JChengWSJ) September 28, 2020