Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

White House Hammers Huawei With More Restrictions On Using American Chip Technology

Courtesy of ZeroHedge View original post here.

After President Trump last night gave ByteDance 90 days to divest TikTok's US business, the Trump Administration kicked off a week that will be dominated by coverage of the Democrats' "virtual" convention by doubling down on its attacks on Huawei at a particularly sensitive time for the telecoms giant, as we explained in a recent post about the discontinuation of production for a critical microchip.

Shortly after Reuters published the scoop, the Commerce Department confirmed its plans to further tighten restrictions governing the company's access to chips made using American technology, even if these chips are produced by foreign firms. The company will also add 38 Huawei affiliates in 21 countries to the government's economic blacklist, the sources said, raising the total to 152 affiliates since Huawei was first added in May 2019.

The department put out a press release with more details on the order, along with a statement from Secretary Ross:

"Huawei and its foreign affiliates have extended their efforts to obtain advanced semiconductors developed or produced from U.S. software and technology in order to fulfill the policy objectives of the Chinese Communist Party,” said Commerce Secretary Wilbur Ross. "As we have restricted its access to U.S. technology, Huawei and its affiliates have worked through third parties to harness U.S. technology in a manner that undermines U.S. national security and foreign policy interests. This multi-pronged action demonstrates our continuing commitment to impede Huawei’s ability to do so."

The PR also listed the 38 new Huawei affiliates being added to the Entity List over "threatening…the national security or foreign policy interests of the United States."

Huawei Cloud Computing Technology; Huawei Cloud Beijing; Huawei Cloud Dalian; Huawei Cloud Guangzhou; Huawei Cloud Guiyang; Huawei Cloud Hong Kong; Huawei Cloud Shanghai; Huawei Cloud Shenzhen; Huawei OpenLab Suzhou; Wulanchabu Huawei Cloud Computing Technology; Huawei Cloud Argentina; Huawei Cloud Brazil; Huawei Cloud Chile; Huawei OpenLab Cairo; Huawei Cloud France; Huawei OpenLab Paris; Huawei Cloud Berlin; Huawei OpenLab Munich; Huawei Technologies Dusseldorf GmbH; Huawei OpenLab Delhi; Toga Networks; Huawei Cloud Mexico; Huawei OpenLab Mexico City; Huawei Technologies Morocco; Huawei Cloud Netherlands; Huawei Cloud Peru; Huawei Cloud Russia; Huawei OpenLab Moscow; Huawei Cloud Singapore; Huawei OpenLab Singapore; Huawei Cloud South Africa; Huawei OpenLab Johannesburg; Huawei Cloud Switzerland; Huawei Cloud Thailand; Huawei OpenLab Bangkok; Huawei OpenLab Istanbul; Huawei OpenLab Dubai; and Huawei Technologies R&D UK

Meanwhile, the battle over Huawei CFO Meng Wanzhou's extradition to the US continues to rage in Canada (though that might be a somewhat over-dramatic description of the case as it meanders through the Canadian legal system).


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!