Smic Huawei Received Several U S Export Licenses
The documents were first accessed by Reuters, revealing the approval of 188 licenses valued at $42 billion for suppliers of SMIC. Meanwhile, 113 export licenses ($61 billion) were provided to suppliers of Huawei. Around 69% of the requests to ship to Huawei were greenlit. Around 9 of the 10 license applications from SMIC suppliers went through. The U.S. House Foreign Affairs committee received the data in May from the Commerce Department....