Most Huawei Phones Said to Receive AppleDevan
A: Markets don’t like uncertainty and hence undergo a correction. At this point in time, it is difficult to estimate how much the coronavirus infections would spread and by when we will return to business as usual. Most market participants are struggling to price in the impact on the earnings growth of companies..
Cheap Jerseys from china By Reuters Updated: 16 May 2020 11:41 ISTShare on Facebook Tweet Snapchat Share Reddit Email CommentHuawei was added to the Commerce Department’s “entity list” last year due to national security concernsThe reaction from China was swift TSMC said on Friday it is “following the US export rule change closely” Huawei has found itself at the heart of a tussle between the US and ChinaThe Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment giant Huawei Technologies, spurring fears of Chinese retaliation and hammering shares of US producers of chipmaking equipment. 2 smartphone maker.”This action puts America first, American companies first, and American national security first,” a senior Commerce Department official told reporters in a telephone briefing on Friday.Apple, Huawei Boost Share as Q1 China Smartphone Shipments Fall: CanalysHuawei, the world’s top telecoms equipment maker, did not respond to a request for comment.News of the move against the firm hit European stocks as traders sold into the day’s gains, while shares of chip equipment makers such as Lam Research and KLA closed down 6.4 percent and 4.8 percent, respectively, in US trading.The reaction from China was swift, with a report on Friday by China’s Global Times saying Beijing was ready to put US companies on an “unreliable entity list,” as part of countermeasures in response to the new limits on Huawei.Most Huawei Phones Said to Receive Apple, Google’s Contact Tracing FeatureThe measures include launching investigations and imposing restrictions on US companies such as Apple, Cisco Systems, and Qualcomm, as well as suspending purchases of Boeing airplanes, the report said, citing a source.The Commerce Department’s rule, effective Friday but with a 120 day grace period, also hits Taiwan Semiconductor Manufacturing, the biggest contract chipmaker and key Huawei supplier, which announced plans to build a US based plant on Thursday.TSMC said on Friday it is “following the US export rule change closely” and working with outside counsel to “conduct legal analysis and ensure a comprehensive examination and interpretation of these rules.”Huawei Laments US Plans to Crimp Its Global Chip SupplyThe department said the rule is aimed at preventing Huawei from continuing to “undermine” its status as a blacklisted company, meaning suppliers of US made sophisticated technology must seek a US government license before selling to it.”There has been a very highly technical loophole through which Huawei has been in able, in effect, to use US technology with foreign fab producers,” Commerce Secretary Wilbur Ross told Fox Business Network on Friday, calling the rule change a “highly tailored thing to try to correct that loophole.”The company was added to the Commerce Department’s “entity list” last year due to national security concerns, amid accusations from Washington that it violated US sanctions on Iran and can spy on customers. Huawei has denied the allegations.Huawei Says 2019 Sales Up Despite US SanctionsFrustration among China hawks in the administration that Huawei’s entity listing was not doing enough to curb its access to supplies prompted an effort, first reported by Reuters in November, to crack down on the company that culminated in Friday’s rule.Washington lawyer Kevin Wolf, a former Commerce Department official, said the rule appeared to be a “novel, complex expansion of US export controls” for chip related items made with US technology abroad and sent to Huawei. Cheap Jerseys from china
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