Tag: U.S. sanctions

After Pig Farming and Car Sales, China’s Telecom Huawei Is Going to Sell Cosmetics

May 12, 2021
Asia & PacificChinaChina Business & EconomyChinese RegimeEntity Listexport controlHuaweiU.S. sanctionsWorld
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China’s telecom Huawei has been hit by four rounds of U.S. sanctions in less than two years. After nearly eight months of chip shortages, Huawei’s smartphone business has been battered, forcing it to expand into “crossover” businesses, such as smart pig farming, mining, and car sales. On May 4, Bonjour Holdings Limited, one of Hong…

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China Tackles Chip Shortage Problem Via Marxist Approach

April 29, 2021
Chinachina auto industryChina Business & EconomyChinese Regimechip industryTsinghua UniversityU.S. sanctions
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China’s industrial sector is suffering from a severe shortage of semiconductor chips, following U.S. sanctions and other supply problems, which is seriously slowing down the country’s manufacturing capacity. Recently, Tsinghua University announced the establishment of a new school that would help solve the country’s chip shortage problem, as Chinese leaders promote a Marxist approach to…

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China’s Huawei Says Sales Down 16.5 Percent Amid US Sanctions

April 29, 2021
BusinessChinaChina Business & EconomyChina-US NewsCompaniesHuaweiInternationalPolicysmartphoneU.S. sanctionsUSUS NewsWorld
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Embattled Chinese tech giant Huawei said Wednesday its first-quarter revenue fell 16.5 percent, hurt by a dip in smartphone sales. Sales declined 16.5 percent from a year earlier to 152.2 billion yuan ($23.5 billion) due in part to lower revenue for its consumer unit, the company said. It gave no earnings but said its profit margin…

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Chinese Companies Stockpile Chips for Autos, Exacerbating Global Chip Shortage

April 14, 2021
automobile chipsBusinessChinaChina Business & Economychip shortageInternationalMarketsU.S. sanctionsWorld
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A global shortage of automotive chips has become critical this year, with almost all major automakers experiencing varying degrees of production cutbacks or short-term shutdowns resulting from a shortage caused by Chinese companies stockpiling chips. Although Taiwan Semiconductor Manufacturing (TSMC), the world’s largest producer of chips, has activated its “super hot runs” queueing mode of…

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