Global exports of semiconductors to Russia have plummeted by 90 percent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday. Raimondo, speaking at an annual Commerce Department conference, also said that controls placed on Russia’s aerospace sector were hammering its … Read more
The Trump administration on Thursday added China’s top chipmaker, SMIC, and oil giant CNOOC to a blacklist of alleged Chinese military companies, a move likely to escalate tensions with Beijing before President-elect Joe Biden takes office. The Department of Defense designated a total of four additional companies as owned or controlled by the Chinese military, … Read more
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 US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office. Reuters reported earlier this month … Read more
WASHINGTON: 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 … Read more
Taiwan Semiconductor Manufacturing hiked its revenue outlook after logging record quarterly profit, and painted a bullish picture of demand picking up over the next two years as advanced technologies are adopted more widely. The chip sector has been one of the rare industries benefiting from the coronavirus pandemic with more people investing in premium devices as … Read more
Washington has ordered US companies to seek permission before selling their technologies to Chinese semiconductor giant SMIC, its latest salvo in the battle for technological dominance over Beijing, the Wall Street Journal reported Saturday. The Department of Commerce “has told US computer-chip companies that they must obtain licenses before exporting certain technology to China’s largest … Read more
Chinese telecom giant Huawei said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally. The world’s biggest maker of mobile telecommunications equipment and smartphones is under pressure from US trade curbs designed to choke Huawei’s access to commercially … Read more
China’s Semiconductor Manufacturing International Corp (SMIC) has asked for approval from the United States to continue supplying Huawei, state media outlet Beijing News reported on Tuesday, citing the company. The company told the newspaper that it had, in accordance with regulations, it applied in the United States to continue supplying Huawei, and reiterated that it … Read more
Chinese tech veterans, including former executives at Huawei and SMIC, are planning to launch a “domestic replacement” fund by the end of the year to help create China’s next tech giant and support Chinese companies sanctioned by Washington. Venture capital firm China Europe Capital aims to raise CNY 5 billion (roughly Rs. 5,399 crores) for the fund … Read more