SMICY - U.S. is said set to blacklist eight more Chinese companies - FT

The Biden administration is said to be set to put eight Chinese companies on an investment blacklist. The U.S. Treasury is expected to put DJI, the world's largest drone maker, and other firms on its "Chinese military-industrial complex companies" blacklist tomorrow, according to an FT report. Other companies that will be on the list include SenseTime competitor Megvii and Dawning Information Industry, a supercomputer maker. The news comes after a Bloomberg report from yesterday  that the Biden administration is said to evaluate new regulations on China's biggest chipmaker, Semiconductor Manufacturing International Corp. (OTCQX:SMICY). Companies such as Applied Materials (NASDAQ:AMAT) KLA Corp. (NASDAQ:KLAC) and Lam Research Corp. (LRCX) could see their ability to supply items to SMIC "severely limited," the report said. The Pentagon last December added SMIC (OTCQX:SMICY) and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies.

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U.S. is said set to blacklist eight more Chinese companies - FT