Archives of “Huawei” tag

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Huawei: US launched cyber-attacks against its systems

  
  Analysis
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Huawei remarks in an emailed statement

Huawei
  • US government is trying to disrupt its normal operations
  • US instructed law enforcement to threaten its workers
This once again shows that any dispute between the two nations extends beyond the realms of trade. It also highlights why China is adamant to involve Huawei operations with any “trade deal” that may come about between both parties.
The headlines above certainly won’t go down well with sentiment as it risks a further divide between the US and Chinese camps, who are still trying to sort out a meeting this month.

Huawei founder expects no relief from US sanctions

  
  Analysis
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Huawei founder, Ren Zhengfei, spoke to the Associated Press

Huawei

He also adds that he doesn’t want relief from US sanctions if it would require China to make concessions in a tariffs war, even if that means his daughter – who is under house arrest in Canada – faces a more prolonged legal battle.

With regards to yesterday’s announcement by the US on adding more of Huawei’s subsidiaries to the entity list, he says that:

“Whether the entity list is extended or not, that will not have a substantial impact on Huawei’s business. We can do well without relying on American companies.”

If there’s any takeaway from the message here is that China isn’t going to let up on fighting back against the US even if the sanctions and tariffs continue.
It goes without saying that the next plausible form of retaliation by China would be to limit US business opportunities in the country.
Anyway, the full interview above can be found here.

Trump promises tech CEOs quick decision on supplying Huawei

  
  Analysis
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Donald Trump has promised major US companies his administration will
process their applications to supply Huawei quickly.

The president on Monday met with chief executives from seven large technology
companies, including microchip makers Qualcomm, Broadcom and
Micron, as well as Google, which sells its Android operating software
to Huawei for use on its smartphones.

According to the White House, the chief executives asked the president
to swiftly process their applications to export to Huawei, following
Mr Trump’s announcement that a ban on selling to the Chinese company
would be relaxed.

A spokesperson for Mr Trump said: “The CEOs expressed strong support
of the President’s policies, including national security restrictions
on United States telecom equipment purchases and sales to Huawei. They
requested timely licensing decisions from the Department of Commerce,
and the President agreed.”

Companies have been seeking clarity on US policy since Mr Trump
said the ban he previously announced would be eased, following a
meeting with Xi Jinping, the Chinese president.

Meanwhile the Trump administration has been urging companies to submit
applications since that decision, according to people briefed on the
situation, in the hope of pleasing Beijing amid US-China trade talks.

Samsung estimates operating profit down by 56% in second quarter

  
  Analysis
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Samsung Electronics estimated its operating profit more than halved in the second quarter, amid growing concerns over US trade sanctions on Huawei and Japan’s export controls of high tech materials to South Korea. The poor earnings guidance comes as the semiconductor industry is buffeted by the slowing global economy, the US-China trade war and US export controls on Huawei. The US campaign against Huawei has increased chip inventories as the Chinese telecoms maker is one of the Korean tech sector’s biggest customers.  South Korean chipmakers face a gloomy outlook following Japan’s decision this week to impose tighter restrictions on exports of key chemicals used for chips and smartphones amid political disputes over wartime labour compensation.  Operating profit at the world’s largest maker of memory chips and smartphones was estimated at Won6.5tn ($5.6bn) for the April-June period, down 56.3 per cent from Won14.9tn a year earlier. Still, Samsung’s guidance was better than market estimates of Won6tn provided by Reuters. Sales were estimated to have fallen 4.2 per cent year on year to Won56tn. The company is set to announce detailed earnings later this month.  Chip prices have continued to fall since late last year, but shares of Samsung have gained nearly 20 per cent so far this year on expectations of a second-half recovery in the chip cycle. However, the downturn is expected to continue through the second half as external headwinds grow.

Beijing says US will not impose new tariffs on China exports

  
  Analysis
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The U.S. will not levy new tariffs on Chinese exports, Chinese state media said after bilateral talks between Donald Trump and Xi Jinping on the sidelines of the Group of 20 summit in Osaka.

The world’s two biggest economies have agreed to restart trade talks, Xinhua news said, adding that the two sides will have discussions on “specific” issues.

The two leaders met for the first time in nearly seven months on Saturday, again on the sidelines of a global meeting, in an attempt to turn the heat down on a boiling trade war.

Trump is angry at the trade imbalance between the two countries, and has imposed rounds of tariffs on goods the U.S. imports from China. China retaliated by raising tariffs.

As the bilateral meeting began, Xi said he is prepared to exchange his thoughts and that he hopes to set the direction of China-U.S. relations “based on coordination, cooperation and stability.”

He added, “cooperation and dialogue are better than friction and confrontation.”

Trump responded by saying, “It would be historic if we can do a fair trade deal.”

“This could be a very productive meeting,” he said. (more…)

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