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.
Burundi’s ruling party youth league is forcing citizens to donate money to fund next year’s election, Human Rights Watch said on Friday, as fears of abuses and renewed violence grow ahead of the vote.
South Africa’s struggling state power utility Eskom warned that power cuts would occur again from 9am (0700 GMT) on Friday until 6am on Saturday, as its generating units continue to perform at low levels of reliability.
Indian police shot dead four men on Friday who were suspected of raping and killing a 27-year-old veterinarian in the southern city of Hyderabad last week, a senior police official told Reuters.