U.S. stops granting export licenses for China’s Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. corporations to export most gadgets to China’s Huawei, in line with three folks acquainted with the matter. Huawei has confronted U.S. export restrictions round gadgets for 5G and different applied sciences for a number of years, however officers within the U.S. Division … Read more

China’s Huawei sees ‘enterprise as normal’ as U.S. sanctions impression wanes

SHANGHAI, Dec 30 (Reuters) – Chinese language tech large Huawei Applied sciences Co Ltd (HWT.UL) estimated on Friday its 2022 income remained flat, suggesting that its gross sales decline as a consequence of U.S. sanctions had come to a halt. Regardless of gross sales rising a mere 0.02%, rotating chairman Eric Xu struck an upbeat … Read more

Foxconn unit to promote stake in Chinese language chip agency Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, mentioned on Friday its subsidiary in China has agreed to promote its whole fairness stake in embattled Chinese language chip conglomerate Tsinghua Unigroup. Taiwan has turned a cautious eye on China’s ambition to spice up its semiconductor business and is tightening … Read more

Biden blacklists China’s YMTC, crackdowns on AI chip sector

WASHINGTON, Dec 15 (Reuters) – The Biden administration on Thursday added Chinese language reminiscence chipmaker YMTC and 21 “main” Chinese language gamers within the synthetic intelligence chip sector to a commerce blacklist, broadening its crackdown on China’s chip trade. YMTC, lengthy within the crosshairs of the U.S. authorities, was added to the checklist over fears … Read more

Unique: China readying $143 billion bundle for its chip corporations in face of U.S. curbs

HONG KONG, Dec 13 (Reuters) – China is engaged on a greater than 1 trillion yuan ($143 billion) assist bundle for its semiconductor business, three sources mentioned, in a significant step in the direction of self sufficiency in chips and to counter U.S. strikes aimed toward slowing its technological advances. Beijing plans to roll out … Read more