Taiwan adds China's Huawei, SMIC to export control list
TAIPEI (Reuters) - Taiwan's government has added China's Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, which includes other proscribed organisations like the Taliban and al Qaeda.
Inclusion on the economy ministry's trade administration's strategic high-tech commodities entity list means Taiwanese companies will need government approval before exporting any products to the companies.
The companies were included in an updated version of the ministry's trade administration's website late on Saturday. Neither company nor the economy ministry immediately responded to requests for comment outside of office hours at the weekend.
Taiwan is home to TSMC, the world's largest contract chipmaker and a major supplier of chips to AI darling Nvidia. Both Huawei and SMIC have been working hard to catch up in the chip technology race.
Taiwan, which China claims as its own territory despite the strong objections of Taipei's government, already has tight chip export controls when it comes to Taiwanese companies either manufacturing in the country or supplying Chinese firms.
Huawei, which is at the centre of China's AI ambitions, is on a U.S. Commerce Department trade list that essentially bars it from receiving U.S. goods and technology, as well as foreign-made goods such as chips from companies like TSMC made with U.S. technology.
Last October, TechInsights, a Canadian tech research firm, took apart Huawei's 910B AI processor and found a TSMC chip in it. The multi-chip 910B is viewed as the most advanced AI accelerator mass-produced by a Chinese company.
TSMC suspended shipments to China-based chip designer Sophgo, whose chip matched the one in the Huawei 910B and, in November the U.S. Commerce Department ordered TSMC to halt shipments of more chips to Chinese customers.
Taiwan's government has also repeatedly vowed to crack down on what it says are efforts by Chinese companies, including SMIC, to steal technology and entice chip talent away from the island.
SMIC is China's largest chipmaker and has ramped up investment to expand production capacity and strengthen China's domestic semiconductor capability in the face of sweeping U.S. export controls.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
CHARLEBOIS: Why matcha may be the next pumpkin spice
If you're a matcha drinker, brace yourself — prices are likely heading up, and TikTok may be to blame. What began as a traditional Japanese tea used in ceremonial settings has rapidly become a global wellness staple. Canada is no exception. Fuelled by social media and a surge in health-conscious consumer habits, matcha has gone mainstream. The Canadian market alone was valued at about $300 million in 2024, projected to reach $375 million by 2025 and nearly double to $700 million by 2035, according to Market Research Future. That represents a compound annual growth rate of approximately 7% over the next decade. Today, matcha is found not only in lattes but in smoothies, baked goods, energy bars, and even cosmetics. Its rise reflects a broader trend in Canadian food culture: The growing appeal of global ingredients that promise both functionality and indulgence. But matcha comes with a key economic constraint — supply. The production process is uniquely labour-intensive and deeply artisanal. Shade-grown, hand-picked, steamed, and stone-ground, authentic matcha — particularly from Japan's Uji region or parts of China — is difficult to industrialize. Canada, due to climate, cannot grow matcha domestically, meaning demand must be met through imports. The market's tightness leaves it exposed to price volatility as interest surges. Already, we're seeing the effects. Ceremonial-grade matcha that sells for roughly $28 per 100 grams in Japan can retail for as much as $120 in Canada — a markup exceeding 300%. Even culinary-grade matcha, which typically costs $5 to $14 in Japan, often doubles in price on Canadian shelves. As demand continues to grow, especially for premium varieties, prices could climb by another 30-40% in the coming years. There's also concern over authenticity. As matcha's profile rises, so too does the presence of lower-quality substitutes — powders that resemble matcha in colour but lack its nutritional properties and distinctive taste profile. Consumers may not always know the difference until they've overpaid. Cafes and restaurants are already reporting supply challenges, and many are struggling to keep pace with customer expectations. This isn't a passing inconvenience — it's an early sign of a demand-driven imbalance that may persist. Unlike fleeting trends like celery juice or butter boards, matcha's growth is supported by habit formation. Its caffeine content, antioxidant profile, and calming effects appeal especially to Millennials and Gen Z consumers looking for a healthier, more stable alternative to coffee. The fact that the industry — not just consumers — is embracing matcha also signals staying power. In many ways, matcha is positioned similarly to pumpkin spice two decades ago — only this time, with the added push of social media. For traditional coffee drinkers, there may be a silver lining. As matcha draws more market share, coffee demand may stabilize. That's welcome news after a year in which retail coffee prices rose 25%, according to Statistics Canada. In short, matcha is no longer niche. It's a case study in how consumer health trends, social media, and global trade dynamics can converge to reshape what — and how — we drink. If you're a coffee drinker, you might want to start promoting matcha yourself. Your wallet could thank you.


Forbes
44 minutes ago
- Forbes
What's Next For Nike's Stock?
CHONGQING, CHINA - JUNE 16: A double-level Nike store is seen inside a shopping mall on June 16, ... More 2025 in Chongqing, China. (Photo by) Nike (NYSE: NKE) stock has increased by over 20% in the past five days; however, it still remains down 5% year-to-date, trailing the S&P 500's 4% rise. The company disclosed fourth-quarter earnings that exceeded expectations — revenue fell by 12% to $11.1 billion, surpassing analyst estimates. Net income dropped 86% to $211 million, or $0.14 per share, compared to $1.5 billion ($0.99 per share) the previous year—but still outperformed predictions. Investors harbor a sense of cautious optimism that the most challenging times may be behind the sportswear titan as it navigates through a tough turnaround. However, if you're seeking an upside with a smoother experience than picking an individual stock, you might want to consider the High Quality Portfolio, which has outperformed the S&P and achieved returns greater than 91% since inception. Also, check out – Cyngn Stock: Should You Buy The Nvidia Hype? A Tough Year in the Rearview For fiscal 2025, Nike reported total revenue of $46.3 billion, a 10% decline, and net income of $3.2 billion, representing a 44% decrease from the previous year. Revenue for the Nike Brand fell 9% to $44.7 billion, with reductions across all regions. Digital sales suffered particularly, plummeting 20% as Nike attempted to rebalance its direct-to-consumer approach. At the same time, wholesale revenue dropped 9%, although Nike-owned physical outlets remained stable. Nike's profit margins were affected as it resorted to discounting and clearance sales to manage excess inventory. This, combined with a return to lower-margin wholesale channels, put pressure on profitability. The Road Ahead: A Strategic Reset Nike has not provided full-year guidance for fiscal 2026 but has laid out plans to realign its operations around key sports categories, streamline the supply chain, and rejuvenate product storytelling. Tariffs are projected to raise costs by approximately $1 billion this year — a challenge Nike seeks to mitigate through pricing strategies, sourcing adjustments, and operational efficiencies. Importantly, the company plans to reduce its reliance on the China-based supply chain from 16% to the high single digits by the end of the year. In the short term, Nike anticipates a decrease in Q1 sales by a mid-single-digit percentage, with gross margin compression ranging from 3.5 to 4.25 percentage points, including a 1-point impact from tariffs. Revenue for the current first quarter is expected to decline by a mid-single-digit percentage, which marks a considerable improvement from recent double-digit drops. Valuation: Opportunity or Value Trap? At around $72 per share, Nike is trading at roughly 41 times its projected 2026 earnings — a significant premium compared to its three-year average of 28 times. Consensus forecasts predict a 1% revenue decline in FY 2026, followed by a possible rebound with 5% growth in FY 2027. The investment perspective now hinges entirely on the effectiveness of Nike's turnaround initiatives. If management is unable to stabilize margins and reignite top-line growth, the present valuation may turn out to be unsustainable. Downturn Risk: Not a Defensive Play Nike has demonstrated clear susceptibility during previous market downturns. In 2020, shares fell nearly 40% within a few quarters, and during the 2022 inflation-driven decline, the stock experienced a 53% peak-to-trough drop — which was substantially worse than the S&P 500. Should macroeconomic conditions weaken once more, Nike could face further downside risk. A 50% decrease from current levels would lower the stock to approximately $35 — a feasible scenario for a company with high volatility and cyclical earnings. Bottom Line Nike is at a pivotal moment. It's exhibiting early signs of stabilization but continues to confront margin pressures, macro risks, and valuation concerns. Although its brand remains robust and its long-term strategy appears promising, effective execution will be crucial. As with any investment, it's important to carefully assess the advantages and disadvantages and consider diversified alternatives to mitigate risk. The Trefis High-Quality portfolio, featuring a collection of 30 stocks, boasts a history of comfortable outperformance compared to the S&P 500 over the last four years. What accounts for this? As a cohort, HQ Portfolio stocks have delivered superior returns with reduced risk compared to the benchmark index, with less market turbulence, as illustrated by HQ Portfolio performance metrics.
Yahoo
an hour ago
- Yahoo
This Is How Chinese Automakers Game The System
Read the full story on The Auto Wire To say Chinese automakers don't play fair would be an understatement, but a recent report really blows the top off things. While it addresses one aspect of how the Middle Kingdom doesn't entirely play fair, we suspect it's just the tip of the to Reuters, which did some spelunking into Chinese government documents, plus interviewed car dealers and traders, China's automakers have been artificially inflating sales for years. The explosive report highlights how manufacturers will take brand new cars from the factory, shipping them to foreign markets as supposedly used vehicles. That sounds weird, but it's an underhanded way to inflate sales figures. Not surprisingly, those cars apparently are such garbage even Chinese consumers don't want them. Thus, they're disposed by being shipped to places like Russia, Central Asia, and the Middle East as 'zero-mileage' vehicles. There's been a price war going on in the domestic Chinese auto market, which has then spilled into other countries. Desperate, some automakers have turned to underhanded methods to show growth. But for years the Chinese auto industry looked the other way, sweeping the practice under the rug. From what we understand, there are plenty of other questionable if not downright unethical practices that are also going on in the business, with Chinese Communist Party leaders oftentimes directing such things. It's known Chinese political leaders love what's called gray zone warfare tactics. While those can take the form of fishing vessels taking over an area of the ocean or building villages in territories disputed as part of India, they can also be economic in nature. In other words, we're highly skeptical of all the praise far too many in the automotive industry have been heaping on Chinese automakers lately. With unbelievably low prices and incredible technological claims, we smell a rat, a communist one to be clear. This report from Reuters helps verify the CCP is using automakers in its gray zone aggressions against the West. Image via BYD Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.