These two rules will further tighten the screws on Huawei

According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…

Panasonic to divest its chipmaking units to Nuvoton Technology

On Thursday, Japan’s Panasonic Corp stated it will sell its loss-making chip business to Taiwan’s Nuvoton Technology, reported Nikkei Asian Review. According to the report, Panasonic is also slated to divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor – a joint venture with Israel’s Tower Semiconductor. The development comes midst the U.S.-China trade war which…

FBI’s Counterintelligence Division admits to slow response in China’s theft of U.S. intellectual property

During a testimony to the U.S. Senate, the FBI said it wished it had taken swifter action with regard to Chinese recruitment of U.S.-based researchers to transfer intellectual property from American laboratories. The admission by John Brown, assistant director of the Counterintelligence Division at the FBI, backed up a Senate subcommittee report which concluded that…

Shares of chipmakers rise in European bourses on expectation of a Phase One U.S.-China trade deal

On Tuesday, shares of chipmakers in European bourses rose in anticipation for a potential U.S.-China trade deal. Investors will be looking for clues in a key speech from U.S. President Donald Trump. The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising by 0.3%. Investors are keenly awaiting a speech…

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…

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…

Launch of Huawei’s 5G compatible flagship Mate 30 smartphone clouded by lack of Android as its OS

In recent years, Huawei has shot up surprising fast into the global smartphone business. A U.S. ban citing theft of intellectual property and being a threat to U.S. national security has however crippled its sales outside China. On September 18 Huawei Technologies plans to launch its new Mate 30 line of smartphones in Munich, said…