Money
US official: Chip exports to Russia have plunged by 90pc since export restrictions
The US has said it would have no qualms in shutting down Chinas SMIC if it sends chips to Russia. — AFP pic

WASHINGTON, June 29 — Global exports of semiconductors to Russia have plummeted by 90 per cent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said today.

Raimondo, speaking at an annual Commerce Department conference, also doubled down on threats to "shut down" China's top chipmaker SMIC if it is found to be supplying chips to Russia. — Reuters

Advertising
Advertising

Related Articles

 

You May Also Like