Pentagon expected to back additional tech export curbs on Huawei and China

The Pentagon is likely to back new U.S. restrictions on China’s Huawei Technologies, reversing its earlier stance to the proposal meant to further crack down on exports to the blacklisted Chinese company, said a source briefed on the matter. The Pentagon’s reversal is likely to make it much harder for U.S. companies to get around…

Goldman Sachs revisit its relationship with Chinese blacklisted AI firms

Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…

ZTE follows Huawei’s footsteps, opens cybersecurity lab in Brussels

Huawei and ZTE are striving to increase transparency regarding their products in order to mitigate allegations of espionage. It is not clear whether these lab tests will cover re-routing of data through servers located in China, thus compromising unencrypted data. In a significant development, embattled Chinese telecom vendor ZTE opened a cybersecurity lab in Brussels,…

Tokyo Electron to honor U.S. Entity’s List

While market share and profits are key factors in growth, maintaining business relations with the U.S. ie equally if not more important. In a significant development, the world’s third biggest supplier of semiconductor manufacturing equipment, Japan’s Tokyo Electron, stated it will stop supplying its Chinese clients that have been blacklisted by Washington. China is locked…