The move would hinder access chipmaker SMIC and oil firm CNOOC have to US investors, worsening tensions with China weeks before Joe Biden takes over the White House.

The administration of US President Donald Trump 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, the Reuters news agency reported based on a document and sources.

The move would curb the companies’ access to investors in the US, 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 being owned or controlled by the Chinese military, bringing the

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