Huawei Financial News

TAIPEI (Reuters) — Taiwan's government has opened an investigation into four companies named in a media report as conducting business with firms linked to U.S.-sanctioned Huawei in China, and is considering tighter rules on key technologies.

China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter. Reuters is reporting for the first time details of tenders from the government, military and state-linked entities, which show an acceleration in domestic substitution since last year.

BEIJING (Reuters) — China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

By Louis Juricic and Sarina Isaacs

Two senior Republican members of the U.S. House of Representatives have called on the Biden administration to tighten export controls on advanced semiconductors to China. The lawmakers, Michael McCaul and Mike Gallagher, chairmen of the House Foreign Affairs Committee and the House Select Committee on China respectively, expressed concerns over the Department of Commerce's Bureau of Industry and Security's (BIS) lax enforcement of existing rules. The call for action comes amid advancements by China's Semiconductor Manufacturing International Corporation (SMIC) and Huawei Technologies.

export-control regime. American sanctions’ global pretensions depend on the co-operation of allies. In principle, democratic governments in Asia and Europe are similarly wary of China, and devising their own export controls.

Taiwan's economy minister has confirmed that regulators are investigating four Taiwanese companies suspected of helping China’s Huawei Technologies to build semiconductor facilities

By Stephen Nellis and Max A. Cherney

Chinese tech giant. Huawei, a leader in 5G telecom equipment, has been at the centre of the intensifying US-China rivalry over advanced tech in recent years. The United States and its allies have curtailed its access to major markets and advanced tech — including chip making — over fears its products could allow China to spy on their networks. Taiwan's Minister of Economic Affairs Wang Mei-hua agreed on Wednesday — during questioning by lawmakers — to launch a probe into four tech firms that collaborated with Huawei on chip plants. The four Taiwanese companies are helping Huawei develop an «under-the-radar network of chip plants» in China, Bloomberg reported this week. The companies were identified by Bloomberg as Topco Scientific Co., L&K Engineering Co., United Integrated Services Co.

By Josh Ye

Beijing/Shanghai: Huawei Technologies on Monday showcased a series of new products from a gold smartwatch to a smart car but disappointed viewers by not revealing more details about its new Mate 60 smartphone series, prompting an outpouring of complaints online. The event, held in a stadium and watched by millions online, was expected to see Huawei break its silence on the smartphone, which has been hailed by Chinese state media as a sign the firm had overcome U.S. sanctions that since 2019 has cut its access to advanced chipmaking tools and crippled its smartphone unit.

Check out the companies making headlines in midday trading.

TOKYO—Huawei, China’s rival to Apple in smartphones and the world’s leading provider of telecoms infrastructure, is out to prove it isn’t just surviving Washington’s campaign to crush it, but is in the vanguard of Beijing’s drive for self-reliance in technology. After the buzz around Huawei’s new high-speed smartphones, which appeared to show that China can swerve around U.S. efforts to block its access to cutting-edge technology, the company on Monday unveiled its latest tablets, smartwatches and earphones—supported by a homegrown challenger to Bluetooth and Wi-Fi, global standards in wireless communication.

By Yelin Mo and Brenda Goh

BEIJING — Chinese telecommunications and smartphone giant Huawei didn't reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday.

Hardeep Singh Nijjar, it is perhaps time for Canada to implement a 'foreign policy reset', shedding off its 'middle-power approach' and focussing more on 'Indo-Pacific diplomacy', Japan Times reported. Prime Minister Trudeau's allegation of an Indian role in the assassination of Khalistleader Nijjar on Canadian soil, triggered a broader deterioration in relations between Ottawa and New Delhi, the report noted. Notably, a similar episode also led to a deteriorating trend in China-Canada relations, the report stated, adding that Michael Spavor, a businessman, and Michael Kovrig, a former diplomat, were arrested by Beijing on espionage charges.

Khalistani terrorist Hardeep Singh Nijjar, a Canadian citizen. Nijjar, who was designated a terrorist in 2020 by India was killed outside a Gurudwara in British Columbia's Surrey in June this year.

Justin Trudeau's allegations of Indian involvement in the assassination of Sikh separatist leader Hardeep Singh Nijjar, Canada is contemplating a shift in its foreign policy approach, as reported by the Japan Times. Trudeau's accusation concerning Nijjar's assassination on Canadian soil has strained relations between Ottawa and New Delhi, with repercussions echoing in Canada's relations with other nations, particularly China. The arrests of businessman Michael Spavor and former diplomat Michael Kovrig by Beijing on espionage charges, in retaliation for the detainment of Huawei executive Meng Wangzhou in 2018 at the request of the United States, have added to the diplomatic tensions. China-Canada relations further soured due to allegations of Chinese electoral interference and threats against Canadian lawmaker Michael Chong, resulting in record-low favorability ratings for China in Canada. Discussing engagement between the two nations has become a sensitive issue. Canada's relations with Russia are also strained due to its staunch support for Ukraine in the ongoing conflict. Canada now finds itself in a precarious position, having alienated India, China, and Russia—three significant global players. Additionally, the looming possibility of Donald Trump's return to the U.S. presidency in 2024 poses another challenge, potentially misaligning Canada's goals with its most important economic, security, and political partner.

BEIJING — People flocked to a flagship Apple store in downtown Beijing on Friday morning to pick up the latest iPhone, despite market worries that nationalistic fervor would dampen the U.S. company's sales in China.

SHANGHAI — Chinese electric car brand Nio on Thursday released an Android smartphone, which the company expects at least half its users to buy, CEO William Li told CNBC in an exclusive interview ahead of the launch.

BEIJING/SHANGHAI (Reuters) — A Huawei Technologies unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of U.S. export controls, two sources briefed on the unit's efforts said.