Huawei to stop making flagship chipsets as US pressure bites, Chinese media say

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Huawei Technologies Co will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S.

FILE PHOTO: A Huawei company logo is seen at the Shenzhen International Airport in Shenzhen in Shenzhen, Guangdong province, China June 17, 2019. To match Special Report HEALTH-CORONAVIRUS/BGI REUTERS/Aly Song/File PhotoSHANGHAI/SHENZHEN, China: pressure on the Chinese tech giant grows.

The United States is also seeking the extradition from Canada of Huawei's chief financial officer, Meng Wanzhou, on charges of bank fraud. "From Sept. 15 onward, our flagship Kirin processors cannot be produced," Yu said, according to Caixin."Our AI-powered chips also cannot be processed. This is a huge loss for us."Huawei's HiSilicon division relies on software from U.S. companies such as Cadence Design Systems Inc or Synopsys Inc to design its chips and it outsources the production to Taiwan Semiconductor Manufacturing Co , which uses equipment from U.S. companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tencent-backed Chinese realty company KE Holdings eyes US$2b US IPO[BENGALURU] KE Holdings, a China-based real estate services provider backed by Tencent, said on Friday it will aim to raise up to US$2 billion in its US initial public offering (IPO). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US-listed Chinese stocks fall as Trump takes aim at WeChat, TikTokU.S.-listed shares of Chinese firms fell on Friday, a day after President Donald Trump unveiled bans on U.S. transactions with the China-based ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Chinese EV maker Xpeng files for US listing after rival surgesChinese electric vehicle (EV) maker Xpeng Inc, backed by Alibaba and Xiaomi Corp , has filed to list its shares in New York, seeking to ride ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Chinese state media slams 'madness' of US tech purgeSHANGHAI (REUTERS) - Washington's plan to ban certain technologies of Chinese origin is a sign of 'madness' in US Secretary of State Mike Pompeo, China's state-backed tabloid Global Times wrote in an editorial on Thursday (Aug 6).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

More Chinese tech might park operations in Singapore if US data security tensions escalateSINGAPORE may be an intuitive alternative for Chinese companies to park their ex-China operations as the US clamps down on Chinese tech. Through a bifurcated structure, firms can move business operations to another country, while having another unit in China to support its mainland operations. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Chinese WeChat users fear being cut off from US friendsA US ban on the WeChat messaging platform could cut lines of communication between friends in China and America and force people to switch to a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »