Taiwan Semiconductor Manufacturing Co has stopped new orders from Huawei Technologies in response to Washington’s move aimed at further limiting chip supplies to the Chinese company.
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The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chip makers, in an action that could ramp up tensions with China.
The world’s biggest contract chip maker said it plans to build a $12-billion factory in the US in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.
Ever since Donald Trump fired the first shot in the US trade war with China, one technology company has been sitting in the middle, trying to avoid the crossfire.
Huawei Technologies’ rapid growth slowed to a crawl in the first quarter after Covid-19 depressed demand for smartphones and networking gear around the globe.
Huawei rotating chairman Eric Xu said he’s aware of the potential for the US to tighten restrictions on the company. China wouldn’t tolerate such action and it would irrevocably damage the global supply chain.
Huawei Technologies, the Chinese technology giant barred from doing business with US suppliers, is finding a way around the strict limits imposed by the Trump administration.
Samsung Electronics’ earnings report and outlook reflect doom and gloom. Many are surprised. Positive signs from chip rival TSMC and smartphone stalwart Apple had fed the belief that it would put the worst behind it.
The so-called phase-one US-China trade pact has done little to allay fears about Huawei Technologies’ prospects and those of its key suppliers, two analyst research reports suggest.
Chip makers have spent two decades pouring investment into a revolutionary new technique to push the limits of physics and cram more transistors onto slices of silicon. Now that technology is on the cusp of going mainstream.