Prices of Huawei phones rising every hour on fears on shortages

Chinese consumers are rushing to purchase Huawei’s smartphone featuring its high-end Kirin chips, fearing that the company’s production of its premium handsets will face punitive curbs by U.S. trade action. According to Huaqiangbei, smartphone vendors in China’s southern city of Shenzhen, are seeing a steady rise in the prices of used and new Huawei phones…

BMW ramps up production of drivetrain components at Bavarian plant

On Thursday, BMW’s spokesman stated, the carmaker will ramp up its capacities for producing drivetrain components for electric cars at its key Dingolfing plant. Dingolfing is located at around 50 miles (85 kilometers) northeast of Munich and is the group’s largest vehicle production site in Europe; it produces components for most of its electric cars.…

Broadcom signs multi-year agreements with Apple Inc

Chipmaker Broadcom Inc stated, it has entered into two multi-year agreements with Apple Inc for supplying wireless components used in its products. The agreements, “2020 SOWs”, are in addition to existing ones for supplying radio frequency components and modules to Apple. Together the agreements are likely to generate around $15 billion in revenues for Broadcom.…

Special licenses for U.S. companies wanting to sell components to Huawei coming shortly

206 U.S. companies have applied for the special licence. In an interview with Bloomberg, U.S. Commerce Secretary Wilbur Ross has stated, licenses for U.S. companies to sell components to Huawei Technologies Co will come “very shortly,”. Licenses “will be forthcoming very shortly” and that the U.S. government had received 206 requests. “That’s a lot of…

Huawei’s global supply chain being ripped apart

U.S. trade action against Huawei having intended impact. China has termed the action taken by the United States against Huawei Technologies as “wrong actions” and has called for trade negotiations to continue. China’s comments underscores the effect of U.S. trade action which is cascading through Huawei’s global supply chains. Japan’s Panasonic Corp has joined a…

Chinese chipmaker Fujian Jinhua Integrated Circuit Co Ltd pleads not guilty in U.S. intellectual property theft case

Fujian Jinhua Integrated Circuit is a self-proclaimed national leader in China’s tech industry. On Thursday, Fujian Jinhua Integrated Circuit Co Ltd, a Chinese chipmaker pleaded not guilty to U.S. allegations that it stole trade secrets. In October 2018, U.S. authorities added, Fujian Jinhua to the list of entities that cannot purchase components, technology or software…