Trump to add China's top chipmaker, oil firm to defense blacklist: Sources


By Alexandra Alper and Humeyra Pamuk WASHINGTON (Reuters) - The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S.

investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office. Reuters reported earlier this month that the Department of Defense (DOD) was planning to designate four more Chinese companies as owned.

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