US Huawei blacklist revealed to be pointless
Despite being on a US export blacklist, Chinese telecoms giant Huawei has apparently been able to buy billions of dollars of US technology.
Despite being on a US export blacklist, Chinese telecoms giant Huawei has apparently been able to buy billions of dollars of US technology.
China’s biggest chipmaker will be part of a joint investment of $8.87 billion to build a new fab facility in Shanghai to reduce the country’s reliance on overseas foundries.
The New York Stock Exchange reversed its decision to delist China Mobile, China Telecom, and China Unicom before it becomes effective.
SMIC has been formally added to the Entity List by the US Commerce Department, hitting the Chinese chipmaker’s access to American technology and equipment.
It looks like the US is imposing export restrictions on Chinese chip fab SMIC, which could be the last straw that tips China into a full-blown political response.
The spectacle of one Chinese company requiring US permission to do business with another Chinese company perfectly illustrates the paradox of globalisation.
It has been reported that the US government is thinking of putting SMIC on its entity list, which would confer similar restrictions to those afflicting Huawei.
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