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Coin Geek
2 hours ago
- Coin Geek
China pledges retaliation after Taiwan's chip export ban
Getting your Trinity Audio player ready... China and Taiwan's already fragile diplomatic relations face renewed tension, and this time, it's over advanced semiconductor chips. Two weeks ago, Taiwan's International Trade Administration (ITA) added Huawei and SMIC to its Strategic High-Tech Commodities Entity List, effectively banning exports to two of China's most prominent market players. The two firms were among the 601 new entrants into the list, whose members ITA says are a source of national security concerns or have been involved in arms proliferation. The list contains states Taiwan considers adversaries, including North Korea, Iran, and Russia, as well as terror groups such as al-Qaeda and Taliban. China has now vowed retaliation against Taiwan. 'We will take forceful measures to resolutely safeguard the normal order of cross-strait economic and trade exchange,' Zhu Fenglian, the spokesperson for the Taiwan Affairs Office, told the media in a briefing this week. Fenglian described the restrictions as 'despicable' and attributed it to the United States government's influence on Taiwanese President Lai Ching-te. The U.S. government has long cautioned Taiwan against importing chips to China that could allow the Asian giant to compete with America on the artificial intelligence (AI) front. The American government itself has been cutting Chinese companies off aggressively in recent years from the latest chip technology. Companies like Nvidia (NASDAQ: NVDA), which enjoyed dominance in China, are now missing out on a $50 billion market. Praising the new restrictions, a select committee on China's Communist Party in the U.S. Congress urged allies to continue working together 'to ensure the CCP's attempts to illegally transfer tech are stopped cold.' Meanwhile, Fenglian says the ban will hurt Taiwan more than China and that 'it will not delay the progress of industrial upgrading on the mainland.' Guo Jaikun, a spokesperson for China's Foreign Affairs Ministry, reiterated the country's resolve in a separate media briefing. 'China opposes the US politicizing tech and trade issues, overstretching the concept of national security, abusing export control and long-arm jurisdiction, and maliciously blocking and suppressing China,' he stated. China's resilience amid U.S. sanctions Chinese companies have become adept at adapting to new restrictions from the U.S. and its allies over the years. When Huawei was suspended from Google's (NASDAQ: GOOGL) Android system, it responded by rapidly developing its own operating system and has regained most of the lost ground. In AI, Chinese firms have just been as resilient. SMIC, China's largest chipmaker, has weathered American sanctions and continued producing advanced chips at a higher rate than South Korea's Samsung and the Taiwan Semiconductor Manufacturing Company (NASDAQ: TSM). While Huawei doesn't operate a foundry, it's just as important to China's chip strategy. The company designs the chips and outsources production to SMIC and other chipmakers. Data shows that Huawei has brought Nvidia's market share down from 95% to 50%, and with U.S. restrictions on Nvidia tightening, Huawei is set to become the dominant player. Even American firms have criticized the government's strategy. Nvidia CEO Jensen Huang said the measures have failed to contain Chinese firms; rather, they have pushed them to innovate faster, and ultimately, they will be better positioned to compete with the U.S. IBM's quantum computing breakthrough Elsewhere, American tech giant IBM (NASDAQ: IBM) has announced that it's now developing Quantum Starling, a large-scale fault-tolerant quantum computer that the company says will be the world's first. Quantum computing has become one of the hottest technologies globally, with dozens of tech giants announcing new projects over the past year. Last December, Google launched a new chip, Willow, that it claimed could reduce errors exponentially. It claimed that a computation that took Willow five minutes would take today's fastest computers 10,000,000,000,000,000,000,000,000 years. Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) have also announced new quantum chips this year; the former even pledged to launch the world's most advanced quantum computer this year. IBM's new quantum computer will be built at its facility in Poughkeepsie, New York. The company says it has a roadmap to 2033 and beyond, and that so far, it has delivered on all its targets. 'Based on that past success, we feel confident in our continued progress.' But while quantum computing receives all the hype and funding—the sector raised $2 billion last year—it's yet to venture outside the research labs, and experts remain divided on the earliest timeline that these super-powerful computers can go mainstream. Nvidia's Huang said in January that it could be over 20 years, while others say it could take even longer. Watch: Adaptable blockchain system to tackle real-world problems title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Reuters
12 hours ago
- Reuters
AOS settles with US over unauthorized Huawei shipments
July 2 (Reuters) - Alpha and Omega Semiconductor Limited (AOSL.O), opens new tab has agreed to pay $4.25 million to settle with the U.S. Department of Commerce for shipping items to China's Huawei Technologies in violation of export regulations, according to a department order posted on Wednesday. AOS engaged in prohibited conduct by forwarding 1,650 power controllers, smart power stages and related accessories to Huawei without authorization in 2019, the year Huawei was added to a restricted U.S. trade list, the order said. Though the items were foreign designed and produced, the order said, they were subject to export control regulations because AOS exported them from the United States. Suppliers to companies on the restricted trade list, known as the Entity List, are required to obtain licenses. U.S. authorities have been investigating AOS' transactions since 2019, the company said in an SEC filing earlier this year. In January 2024 the Justice Department closed its investigation without charges, the filing said, but a civil investigation by the Commerce Department was ongoing. On April 16, 2025, AOS said it received a letter from Commerce alleging violations of export control regulations, and the company met to discuss a possible resolution. AOS, which is headquartered in Sunnyvale, California, operates in both the United States and Asia. It has a wafer fabrication facility in Hillsboro, Oregon. In 2020, the United States added to Huawei's Entity listing to expand its authority to stop shipments of foreign-produced items to Huawei. AOS did not immediately respond to a request for comment.
Reuters
a day ago
- Reuters
China's Huawei must face US criminal charges, judge rules
NEW YORK, July 1 (Reuters) - A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from U.S. rivals, and misleading banks about its work in Iran. In a 52-page decision, U.S. District Judge Ann Donnelly in Brooklyn found sufficient allegations in the 16-count indictment that Huawei engaged in racketeering to expand its brand, stole trade secrets from six companies, and committed bank fraud. The Iran accusations stemmed from Huawei's alleged control of Skycom, a Hong Kong company that did business in that country. Donnelly said prosecutors satisfactorily alleged Skycom "operated as Huawei's Iranian subsidiary and ultimately stood to benefit, in a roundabout way," from more than $100 million of money transfers through the U.S. financial system. Huawei has pleaded not guilty and had sought to dismiss 13 of the 16 counts, calling itself "a prosecutorial target in search of a crime." A trial is scheduled for May 4, 2026, and could last several months. Neither Huawei nor its lawyers immediately responded to requests for comment. A spokesperson for Interim U.S. Attorney Joseph Nocella in Brooklyn declined to comment. The criminal case began during U.S. President Donald Trump's first term in 2018, the same year the Department of Justice launched its China Initiative to address Beijing's alleged theft of intellectual property. Huawei Chief Financial Officer Meng Wanzhou, whose father founded the company, had been a defendant, and was detained in Canada for nearly three years before being allowed to return to China. Charges against her were dismissed in 2022. In 2022, President Joe Biden's administration scrapped the China Initiative, after critics said it amounted to racial profiling and caused fear that chilled scientific research. Based in Shenzhen, Huawei operates in more than 170 countries and has about 208,000 employees. The U.S. government has restricted Huawei's access to American technology since 2019, citing national security concerns. Huawei denies it is a threat. The case is U.S. v. Huawei Technologies Co et al, U.S. District Court, Eastern District of New York, No. 18-cr-00457.
