Y Combinator’s Garry Tan Goes to the MatRead more

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U.S. Weighs Export Controls on Chinese Chip Maker SMIC

The Trump administration is considering whether to add China’s biggest contract manufacturer of chips to the U.S .government’s trade blacklist, Reuters reported. Export restrictions on Semiconductor Manufacturing International Corp., known as SMIC, would block the Chinese company’s access to U.S. suppliers. On Monday, shares of SMIC, listed in Hong Kong, plunged more than 20%. SMIC’s largest...

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