US restrictions on China’s SMIC set to push Samsung chip sales

Seoul: South Korean chipmakers like the giant Samsung are expected to benefit from the US export restrictions against China’s leading foundry firm, Semiconductor Manufacturing International Corporation (SMIC), analysts here said on Saturday, as the ban could give them more opportunities to secure orders.

The US Commerce Department recently added SMIC to its blacklist, saying that exports to the Chinese firm pose an “unacceptable risk” of being used for Beijing’s military activities.