Semiconductor Manufacturing International Corp (SMIC), one of the largest chipset manufacturer in China, has applied for a license from the United States to continue doing business with Huawei, reports Reuters.
SMIC confirmed to Beijing News that it is applying for a license in the U.S. to continue supplying chipsets to Huawei. Further, the company also said that it will abide by laws and regulations in all countries and regions.
The development comes just days after it was reported that the United States is planning to ban China’s largest semiconductor manufacturer, which relies on American chipmaking equipment for its business.
The ban on SMIC could badly hurt Huawei given that the company is manufacturing budget HiSilicon Kirin chipsets. As of now, SMIC is the only option left for Huawei given that it has been banned from using chipsets or its related technology by any American company.
Semiconductor Manufacturing International Corporation (SMIC), based in Shanghai, was founded in 20000. It recently raised around $7.8 billion in a secondary listing on the Star Market in July, making it the biggest public offering in China in a decade. For this, the company withdrew its listing from the New York Stock Exchange.
The company ranks among the top five semiconductor manufacturers in the world, but it is far behind its competitors when it comes to technology. While companies like TSMC and Samsung have started manufacturing 5nm chipsets, SMIC is still using the 14nm process for manufacturing smartphone chips.
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