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5 mentions found


☆ Huawei: US revokes some export licenses for selling semiconductors to Chinese company
  + stars: | 2024-05-08 | by ( ) edition.cnn.com   time to read: +4 min
A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement, declining to specify which ones it had withdrawn. The move could hurt Huawei, which still relies on Intel chips to power its laptops, and could hurt US suppliers that do business with the company. In a regulatory filing earlier this month, Qualcomm said it did not expect to receive more chip revenue from Huawei beyond this year.
Persons: Biden, Elise Stefanik, Trump, Critics, SMIC Organizations: Singapore Reuters, Intel, Qualcomm, Huawei Technologies, U.S . Commerce Department, Huawei, Republican, Commerce Department, “, Reuters, US Locations: Washington, Singapore, United States, Republican China, American, Communist, Qualcomm’s
☆ US raises concerns by Micron, Intel with China
  + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com   time to read: +4 min
[1/3] U.S. Commerce Secretary Gina Raimondo delivers her speech at a reception with U.S. Industry and Chinese Government Officials hosted by U.S. Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Raimondo wants to address concerns from U.S. businesses that are having difficulties operating in China. Raimondo told reporters that she had discussed concerns over China's effective ban on purchases of Micron memory chips with her Chinese counterpart. Secretary Raimondo must stand up to our greatest adversary."
Persons: Gina Raimondo, China Nick Burns, Andy Wong, Wang Wentao, Raimondo, Biden, Raimondo's, Janet Yellen, Antony Blinken, Joe Biden, Marsha Blackburn, Export Enforcement Matthew Axelrod, We're, David Shepardson, Susan Heavey, Chris Sanders, Mike Harrison, Matthew Lewis Organizations: . Commerce, . Industry, Government, U.S, REUTERS Acquire, Rights, Intel, Micron Technology, Chinese Commerce, Commerce Department, Micron, Reuters, Republican, U.S . Commerce Department, Export Enforcement, Ministry of Commerce, Commerce, United, Thomson Locations: China, Beijing, Rights BEIJING, New York, Washington, Republican China, U.S, United States
☆ Top Republican China hawk says White House investment restrictions fall short
  + stars: | 2023-08-18 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +5 min
WASHINGTON — A leading House Republican voice on the national security threat posed by China said the White House's plan to restrict outbound investment in the Chinese military and defense companies falls short of addressing the real problem. The Wisconsin Republican is the chairman of the House Select Committee on the Chinese Communist Party and a leading voice in the House on the risks of U.S. investment in China. The House CCP Committee has flagged around 50 firms, including machinery, aircraft and technology firms and created a de facto blacklist. Yellen has already signaled that she intends to keep any investment restrictions "narrowly targeted" to protect U.S. national security, and insists they are not intended to weaken China's economy. "Even though these policies may have economic impacts, they are driven by straightforward national security considerations," she said in an April speech.
Persons: Mike Gallagher, WASHINGTON —, Joe Biden's, Gallagher, Janet Yellen, Yellen Organizations: U.S, Capitol, Republican, Treasury Department, Wisconsin Republican, Chinese Communist Party, CCP, The, House CCP, BlackRock, CNBC, White House Locations: China, United States, Wisconsin, Mexico, Canada, BlackRock
☆ U.S. lawmakers ease planned curbs on Chinese chips amid corporate pushback
  + stars: | 2022-12-07 | by ( Alexandra Alper | ) www.reuters.com   time to read: +5 min
The final version no longer forbids contractors from "using" the targeted chips and pushes the compliance deadline back to five years from the immediate or two-year implementation deadlines included in the first version. Chips made by SMIC are commissioned by companies all over the world and can be found in products as diverse as cell phones and cars. They are difficult to identify because chips are not typically labeled with the names of the companies that manufacture them. Lawmakers released a final version of the NDAA Tuesday night. Schumer's office, SMIC, YMTC, CXMT and the Chamber of Commerce did not respond to requests for comment.
☆ U.S. lawmakers ease proposed curbs on Chinese chips amid corporate pushback
  + stars: | 2022-12-06 | by ( Alexandra Alper | ) www.reuters.com   time to read: +4 min
Chips made by SMIC are commissioned by companies all over the world and can be found in products as diverse as cell phones and cars. They are difficult to identify because chips are not typically labeled with the names of the companies that manufacture them. Lawmakers are expected to announce final language for the final package later this week, which may include the revised measure. SMIC, YMTC and CXMT, the Chinese Embassy in Washington and the Chamber of Commerce did not immediately respond to requests for comment. SMIC was blacklisted by the Trump administration over concerns the company aids the Chinese military.
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