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BERLIN, GERMANY – SEPTEMBER 3: Participants arrive for Huawei’s keynote speech on the opening day of the IFA 2020 special edition consumer electronics and appliances trade fair on September 3, 2020 in Berlin, Germany. The trade fair will go ahead despite the ongoing coronavirus pandemic, albeit on a reduced scale and with no personal access to the public. IFA 2020 Special Edition will be held from September 3rd to 5th. (Photo by Sean Gallup/Getty Images)
Sean Gallup Getty Images News | Getty Images
The United States has revoked some permits for chip exports to Chinese tech giant Huawei, the Commerce Department told CNBC on Tuesday, in the latest effort to rein in China’s high-tech power.
“Given the ever-changing threat and technological landscape, our administration continually evaluates how to best protect our national security and foreign policy interests,” a Commerce Department spokesperson said in a statement. Stated.
“As part of this process, we may revoke export licenses, as we have done in the past,” a spokesperson said, declining to comment on specific licenses. “However, we can confirm that we have revoked certain licenses for exports to Huawei.”
Huawei was placed on a U.S. trade blacklist in 2019, barring U.S. companies from selling technology, including 5G chips, to the Chinese tech giant, citing national security concerns. In 2020, the United States tightened chip regulations against Huawei, requiring foreign manufacturers using American chip manufacturing equipment to obtain a license before selling semiconductors to Huawei.
Huawei’s consumer business, which includes smartphones and laptops, Mate 60 Pro smartphone In August.
a tech insights An analysis of Huawei’s Mate 60 Pro smartphone revealed that it uses an advanced chip made by SMIC, a top Chinese chip manufacturer. The smartphone is also said to have 5G connectivity, which US sanctions were trying to block.
US semiconductor companies Qualcomm and intel These are two of the companies that supply chips to Huawei.Qualcomm’s SEC filing The company said earlier this month that it expected its business to be “further impacted” by customers such as Huawei developing their own chips.
“While we have continued to sell integrated circuit products to Huawei under license, we do not expect to receive any product revenue from Huawei after this fiscal year,” Qualcomm said in a statement.
“Furthermore, to the extent that Huawei’s 5G devices take share from Chinese OEMs that utilize our 5G products or from non-Chinese OEMs that utilize our 5G products in devices they sell to China, our revenue and “Our results of operations and cash flows may be affected and may be further affected,” Qualcomm said.
Last month, Huawei aimed to challenge this with the launch of its new line of phones, the Pura 70 series. apple In China.
Apple faces pressure from Huawei in China, as iPhone sales fell 19.1% in the first quarter, but Huawei’s smartphone sales surged 69.7%, according to Counterpoint Research.
Huawei’s net profit in 2023 increased 144.5% year-on-year to 87 billion yuan (approximately $12 billion), partly due to sales of the Mate 60 Pro in China, the company revealed in March. .