Impacted by the U.S. sanctions, Chinese surveillance tech giant Hikvision recently reported the worst performance in its 20-year history, with revenue and net profits dwindling. Hikvision admitted in its 2022 annual report (pdf) released on April 15 that the company had experienced negative profit growth, something it had never seen in the 21 years since…
US Sanctions Nicaraguan Gold Mining Firm Over Ties to Russia
June 18, 2022
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WASHINGTON—The United States imposed sanctions Friday on Nicaragua’s state-owned gold mining company and the president of its board of directors in part over the Central American nation’s ties to Russia. The sanctions were imposed against the Nicaraguan Mining Co., known by the Spanish-language acronym ENIMINAS, partly because the country’s leaders are “deepening their relationship with…
Huawei’s Chipmaker Suffers Production Stoppage and Cuts Due to Successive US Sanctions
News Analysis Huawei, after being plagued by U.S. sanctions for two and a half years, has seen its chipmaker also in distress—not only has its high-end chip production has been halted, but also shipments of its mobile application processors (AP) have shrunk. Shipments for Huawei chipmaker HiSilicon’s smartphone APs declined 96 percent in the third…
What Huawei Dreads Most Is More US Sanctions
Commentary Huawei’s financial report for the first half of this year shows a sharp decline in its revenue. The company’s senior members have talked about their difficulties on different occasions, revealing that Washington’s sanctions and technology ban have significantly impacted the Chinese tech giant. On Aug. 6, Huawei disclosed its H1 financial report. According to…
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