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109

US moving to cut off Huawei from access to chip suppliers (Updated)

US moving to cut off Huawei from access to chip suppliers (Updated)

The drama between the U.S. government and Huawei is unending. Following last week's racketeering charges against the company and its CFO, Reuters is reporting that the U.S. Government may force foreign chip manufacturers, including companies like TSMC, to seek a U.S. License before doing business with Huawei. In effect, this would allow the U.S. to block the shipment of phone-critical components to Huawei.

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22

ZTE signs escrow agreement with U.S. to lift trade ban

ZTE signs escrow agreement with U.S. to lift trade ban

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. The Commerce Department told ZTE it had to pay over a billion dollars in fines and replace its entire senior leadership for the ban to be lifted, which ZTE agreed to last month.

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