US trade blacklisting will hurt our research and development: SMIC
China's chipmaker SMIC has said that being put on US' trade blacklist will pose a significant "adverse impact" on its research and development of 10-nanometre and more advanced chip technology. SMIC added that it doesn't expect any major negative impact on its short-term operations and finances. US has blacklisted over 60 Chinese firms, including SMIC, to "protect US national security".