Washington, D.C. — U.S. Senator Marco Rubio (R-FL) and U.S. Representative Michael McCaul (R-TX) sent a letter to U.S. Department of Commerce Secretary Gina Raimondo urging the Department to strengthen Entity List rules for China’s Semiconductor Manufacturing International Corporation (SMIC) and expressing concern that Beijing may divert technology to Moscow to evade U.S. sanctions. Their letter follows requests in
and
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“We have written to the Commerce Department twice to express these concerns, imploring the department to take all steps necessary to strengthen American economic security,”
the lawmakers wrote.
“Since our last communication on the topic in March 2021, SMIC has posted record earnings, announcing soaring profits and sales up 39 percent during calendar year 2021. It was the company’s strongest growth in annual revenue since 2010. But, as of December 2021, reporting suggests that the Biden Administration had not yet resolved whether to block additional sales of American technology to SMIC and instead was mulling working with partners and allies in reaching such a decision.
We request an update on the state of these discussions if they are indeed occurring, especially in light of SMIC’s record profits, by March 25, 2022.”