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☆ Exclusive: Applied Materials under US criminal probe for shipments to China's SMIC-sources
▼ + stars: | 2023-11-16 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Shares in Applied Materials fell 7.3% after the news and the company reported quarterly results. Reuters could not determine whether Applied Materials violated the law, and it isn't clear whether the investigation will result in charges. SMIC did not immediately respond to a request for comment on the shipments from Applied Materials. A spokesperson for China's embassy in Washington was not aware of the Applied Materials probe.

Persons: Dado Ruvic, SMIC, Liu Pengyu, Karen Freifeld, Anna Driver Organizations: REUTERS, Semiconductor, Applied, Justice Department, Reuters, Materials, Justice and Commerce, Attorney's, Prosecutors, National Security Unit, China's Semiconductor Manufacturing International Corporation, U.S . Commerce Department, Commerce Department, Federal Register, Lam Research Corp, U.S . Securities, Exchange Commission, Thomson Locations: U.S, South Korea, China, Santa Clara , California, Massachusetts, Boston, Gloucester, Washington

☆ US lawmakers press White House for tougher enforcement of China chip rules
▼ + stars: | 2023-10-06 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - Two senior Republican lawmakers in the U.S. House of Representatives on Friday pressed the Biden administration for tougher enforcement of export controls on sending advanced computing chips and the tools to make them to China. "The October 7 rules and SMIC’s growing capabilities reveal a stagnant, obscured bureaucracy that does not understand China’s industrial policy, does not understand China’s military goals, and does not understand technology at all - and does not have the will to act," McCaul and Gallagher said in the letter. The lawmakers urged the Biden administration to update the rules and take immediate action against Huawei and SMIC. Reuters reported this week that the Biden administration has warned China it plans to update the rules. Reporting by Stephen Nellis in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Biden, Jake Sullivan, Michael McCaul, Mike Gallagher, McCaul, Gallagher, Stephen Nellis, Matthew Lewis Organizations: REUTERS, U.S . House, National, House Foreign Affairs Committee, Huawei Technologies, China's Semiconductor Manufacturing International Corp, HK, Huawei, SMIC, U.S, Reuters, National Security Council, Bureau of Industry, Security, Commerce Department, San, Thomson Locations: China, U.S, San Francisco

☆ Apple's $200 billion valuation wipeout may foreshadow a post-US tech future
▼ + stars: | 2023-09-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple experience a $200 billion market cap drop amid investor concerns about China. A new phone from Huawei has been built mostly with equipment from China. Apple generated almost a fifth of its $394.3 billion net sales from the region in its last fiscal year . This week, Apple's main competition in China, Huawei launched a new 5G smartphone, the Mate 60 Pro. Other tech companies may be next.

Persons: Tim Cook, Cook, Joe Biden Organizations: Apple, Huawei, Service, Xiaomi, China's Semiconductor Manufacturing International Corporation, Bloomberg, Jefferies Locations: China, Wall, Silicon, Taiwan, Washington, Beijing, Guangzhou

REUTERS/Aly Song/File Photo Acquire Licensing RightsSHENZHEN, China/SHANGHAI, Aug 30 (Reuters) - Chinese chip stocks rallied on Wednesday following Huawei Technologies' (HWT.UL) launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would mark a win for China's local semiconductor sector. On Tuesday, the company began selling its Mate 60 Pro around midday for 6,999 yuan ($960) in an unusually low-key fashion, having given no advance notice or conducted advertising. The specifications provided for the Mate 60 advertised its ability to make satellite calls, but provided no information on the power of the chipset inside. Huawei, whose woes with Washington have become a key flashpoint in U.S.-China relations, declined to comment on whether the phone was 5G capable but said in a statement the Mate 60 series was its most powerful Mate model ever. CHIP SHARES JUMPChina's semiconductor sector (.CSIH30184) jumped more than 2.5% on Wednesday, sending weekly gains to roughly 8%.

Persons: Aly, Lu Deyong, Lu, Nicole Peng, David Kirton, Jason Xue, Mo Yelin, Lincoln Organizations: Huawei, Artificial Intelligence, REUTERS, Rights, Huawei Technologies, Reuters, chipmaking, Semiconductor Manufacturing International, Pro, Staff, Washington, China's Semiconductor Manufacturing International Corp, Sai MicroElectronics Inc, Thomson Locations: Shanghai, China, Rights SHENZHEN, SHANGHAI, Washington, Beijing, Shenzhen, Kirin, Mo

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