US sanctions


Diversification helps Huawei grow in 2020 despite US sanctions

Diversification helps Huawei grow in 2020 despite US sanctions

(ATF) Diversification into new areas such as “smart” car solutions, cloud computing, artificial intelligence (AI) and business-focused 5G applications helped Huawei Technologies offset the US sanctions blow to its smartphone business and see smaller revenue and profit growth in 2020.While the Chinese tech firm is scheduled to release its 2020 …

Continue reading

Huawei chip stockpile 'can't meet demand' for new premium phone

Huawei chip stockpile 'can't meet demand' for new premium phone

(ATF) The chip inventory that Huawei stockpiled before US sanctions hit full force and reserved for its new Mate X2 smartphone is likely not enough to cover consumer demand, judging by the phone’s pre-sale booking volume. Huawei launched the Mate X2 on Monday, which highlights the Chinese tech firm’s continued …

Continue reading

Another billion-tonne oil and gas discovery in Bohai oilfield 

Another billion-tonne oil and gas discovery in Bohai oilfield 

(ATF) The China National Offshore Oil Corporation on Tuesday announced another large-scale oil and gas discovery in the Bohai sea, in the Bozhong 13-2 oil and gas field. CNOOC said it has proven geological reserves of 100 million tonnes of oil and gas.The Bozhong 13-2 oil and gas field is …

Continue reading

Huawei boss looking at opportunities in mining sector 

Huawei boss looking at opportunities in mining sector

(ATF) Huawei Technologies’ founder and CEO Ren Zhengfei expects new business opportunities, such as unmanned coal mining, to offset the impact of the US chip ban on his smartphone business and he admits it's “extremely unlikely” that Washington will lift its bans on the group.Ren spoke to reporters this week …

Continue reading

Huawei challenges US FCC ban, Biden appointee stands firm

Huawei challenges US FCC ban, Biden appointee stands firm

(ATF) Huawei has filed a legal challenge to its designation as a US national security threat by the Federal Communications Commission (FCC) but the agency under BIden’s new acting head Jessica Rosenworcel said it was sticking by the decision taken under the previous administration. "Last year the FCC issued a …

Continue reading

SMIC spending $9 bn to build China’s most-advanced wafer plant

SMIC spending $9 bn to build China’s most-advanced wafer plant

(ATF) The sub-14-nanometer wafer plant that Semiconductor Manufacturing International Co (SMIC) is spending $9.06 billion to build has been identified by the local government as a key project for 2021, as the country bids to boost its semiconductor supply chain amid ongoing US sanctions in the tech sector.Analysts say the …

Continue reading

Trump China delisting impact hits structured products of US banks

Trump China delisting impact hits structured products of US banks

(ATF) Goldman Sachs, JPMorgan and Morgan Stanley are delisting around 500 structured products from Hong Kong, as the impact of the Trump administration’s push to ban US investments in firms with links to China’s military continues to widen. Hong Kong Exchanges and Clearing (HKEX) says its markets remain robust despite …

Continue reading

Markets this week: Biden's stimulus plan; China counter-measures

Markets this week: Biden's stimulus plan; China counter-measures

(ATF) Economic eventsInvestor optimism will be constrained by the intensifying conflict between the world’s two biggest economies after Beijing announced steps widely seen as retaliation against the recent Trump administration bans against Chinese companies.Optimism has been elevated by President elect Joe Biden’s comments the bipartisan package passed in December was …

Continue reading

China strikes back at 'unjustified' foreign laws

China strikes back at 'unjustified' foreign laws

(ATF) China has hit back at 'unjustified' laws and sanctions imposed by the United States and other countries on Chinese companies or citizens. The move comes amid a trade war with the US and worsening ties with the Trump administration in Washington. The Ministry of Commerce in Beijing published new …

Continue reading

Honor in 5G tie-up with Qualcomm after cutting ties with Huawei

Honor in 5G tie-up with Qualcomm after cutting ties with Huawei

(ATF) Honor, the budget smartphone brand that Huawei “divorced” after suffering a chip shortage caused by US sanctions, is reportedly resuming its partnership with Qualcomm, and Honor smartphones powered by Qualcomm’s 5G chips are in the works, local media say.Honor is currently advancing the research and development of new 5G …

Continue reading