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SoftBank seeks US clarification on Huawei’s trade ban as it aims to re-list chip design firm ARM

Masayoshi Son, the founder, chairman and chief executive of Japanese conglomerate SoftBank Group Corp, says he wants to re-list ARM Holdings within five years, reintroducing stock markets to the British semiconductor design firm that his company bought for US$32 billion in 2016.Tokyo-based SoftBank has not yet decided where the public offering will be held, Son said at the G2 and Beyond Conference in Taipei on Saturday.At the same event, Son said ARM is complying with the US government’s… Source link

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Huawei scraps first product launch as US trade ban bites

In this May 26, 2016, photo, a man walks past a Huawei logo during a launch event for the Huawei Matebook in Beijing. As trade disputes simmer, Chinese telecommunications giant Huawei, the No. 3 smartphone brand, is shifting its growth efforts toward Europe and Asia in the face of mounting obstacles in the US market. (AP Photo/Mark Schiefelbein) Source link

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More than a year after China’s ban on waste imports, the world is still learning to clean up after itself

Almost two years after China’s shock announcement at the World Trade Organisation headquarters in Geneva that, as part of its “National Sword” policy, it would from the start of 2018 no longer be the world’s lap sap haven (lap sap means rubbish in Cantonese), the world of waste continues to roil. I use the word carefully, because roil can mean to make water muddy or turbid, or it can simply mean to annoy or upset everyone. At the time, China did both.I always used to muse over China’s role,… Source link

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Google warns Washington that Huawei trade ban risks compromising US security: report

Google has warned the Trump administration that it risks compromising US national security if it goes ahead with export restrictions on Huawei Technologies, and has asked to be exempted from any ban, according to a Financial Times report that cited three people briefed on the conversations.Senior officials at the US-based technology giant have warned it would not be able to update its Android operating system on Huawei’s smartphones, prompting the Chinese company to develop its own version of… Source link

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Taiwan wafer foundry TSMC expects short-term impact from US ban on China’s Huawei

Washington’s move to ban US companies from doing business with China’s Huawei Technologies will have a short-term impact on wafer foundry Taiwan Semiconductor Manufacturing Co (TSMC), its chairman said on Wednesday, although he was upbeat on the outlook for this year.TSMC previously said shipments to Huawei were not affected by US action aimed at curbing the telecoms equipment maker’s access to American technology, and that it would continue to be a supplier to Huawei.“It certainly will have… Source link

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Hong Kong regulator slaps a ban on Nuoqi’s former CFO for failing to stop his chairman from pilfering the company’s coffers

Hong Kong’s securities regulator will ban Fujian Nuoqi’s former chief financial officer from taking corporate directorships, alleging that he had failed to stop his chairman from pillaging the company’s coffers.Au Yeung Ho-yin failed to raise the alarm when someone withdrew 236.52 million yuan (US$34.23 million) from Nuoqi’s coffers, the Securities and Futures Commission (SFC) said in a June 4 statement. Au Yeung had failed to act despite the fact that he knew the withdrawals were a “red flag”,… Source link

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Huawei trade ban to test China’s 5G roll-out as Beijing set to issue commercial licences

China’s Ministry of Industry and Information Technology (MIIT) said it will issue licences for commercial 5G mobile services “in the near future”, as the country attempts to move ahead in the global race to roll out ultra-fast, next-generation telecommunications networks that will help power the industrial internet, autonomous driving and smart cities.But a US blacklisting of Huawei Technologies, the global leader in 5G telecoms network equipment, raises concerns about the ability of China to… Source link

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Trump’s Huawei ban cools property deals in Shenzhen’s Bantian area popular with telecom firm’s employees

Chen Xiao is under severe pressure. The property agent in Shenzhen, home to telecoms giant Huawei Technologies and other Chinese tech stars like ZTE and Tencent Holdings, has not closed a single deal this month.“May used to be my best month, as sometimes I would close up to six deals because Huawei pays bonuses around this time,” said the 30-year-old broker with Centaline Property Agency, who focuses exclusively on Bantian in Longgang district where Huawei is based.But with the escalating US… Source link

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Huawei asks US courts for summary judgement on its move to get federal ban declared unconstitutional

Huawei Technologies, the world’s largest telecommunications equipment supplier, said on Wednesday it has filed a motion asking the US courts for a summary judgment on its move to get a US ban on Huawei equipment for federal agencies and contractors declared as unconstitutional.The action comes nearly three months after Huawei filed a lawsuit against the US government in a bid to overturn a federal ban on its network gear. The company is arguing that the ban, outlined in section 889 of the US… Source link

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US ban on Huawei unlikely to affect Việt Nam smartphone market: report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Thế giới di động store in Hà Nội. Sales of Huawei smartphones account for just 4-6 per cent of the chain’s total sales. — VNS Photo Mai Hương HÀ NỘI — US restrictions on Huawei are unlikely to affect the Vietnamese smartphone market or phone retailers. According to the latest market strategy report by the VNDirect Securities Co, Huawei’s smartphone market share in Việt Nam was only 4 per cent and worth VNĐ2.65 trillion (roughly US$114 million) last year. Besides, though Huawei was the world’s second largest seller last year,…

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