Semiconductor Manufacturing International Corp (SMIC) on Wednesday said that it has never had any customers in Russia, assuaging investor concerns that the Chinese contract chip maker could be punished by Washington over potential violations of US economic sanctions on the country for invading Ukraine.
“SMIC has always been operating in compliance. The company has never had any Russian customers,” the firm said in response to an investor’s question on an online information platform run by the Shanghai Stock Exchange.
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