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.
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country's Republic Day, marked annually on 2nd June.
Semi-autonomous Hong Kong has been rocked by months of huge and often violent pro-democracy protests over the past year, which riot police have stamped out with more than 9,000 arrests.
More than 6.27 million people have been reported infected with the coronavirus globally and 374,612 have died, a Reuters tally showed by 0258 GMT on Tuesday.