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.
Philanthropic capital and how best to deploy it for maximum social impact, was the focus of today’s (Wednesday) Davos 2020 high-level meeting entitled, ‘Stakeholders for a Cohesive and Sustainable World: The Role of Philanthropy in Emerging Economies’, at the World Economic Forum in Davos, Switzerland.
Security is the overall concern for a family looking to rent a new flat, apartment or villa. There are many benchmarks one has to look for including a place they call home for as long as they want without a threat of sudden eviction.
The Emirate of Sharjah is keen on establishing a leading educational base to explore the future for its children and building a generation capable of giving, through education and knowledge, as they are the mainstay of sustainable development, said Sheikh Khalid Bin Essam Al Qasimi, Chairman of Department of Civil Aviation Sharjah.