A chip by Huawei’s subsidiary HiSilicon is displayed at the Huawei China Eco-Partner Conference in Fuzhou, Fujian province, China. File photo/ Reuters
Huawei subsidiary Hisilicon said that it had long been anticipating the possibility that the firm could one day be unable to obtain chips and technology from the United States and had prepared to soften any impact.
Hisilicon, which mainly produces chip designs for its Chinese parent's equipment, made the comments in letters issued from the company's president's office that were published in Chinese state media on Friday. Huawei confirmed the authenticity of the comments to Reuters.
The United States on Wednesday banned Huawei from buying U.S. technology without special approval.
US FedEx Corp on Friday again apologised and blamed Washington’s ban on Huawei for being “unclear” as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.
European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
The UAE will mark "2020: Towards the next 50" through three major events, namely the inauguration of the Barakah Nuclear Plant, the launch of the Hope Probe and the hosting of the Expo 2020 Dubai.
One tearful woman whose makeshift home was burned told reporters in a televised comment that the dowry for her daughter's marriage she worked for years to build was gutted by the blaze in minutes.
Records show the row occurred after the victim asked her husband to get her a mobile phone recharge card so she could speak to her family in her home country.