US approval of export permits to Huawei, SMIC suppliers shows challenges in decoupling from China

//US approval of export permits to Huawei, SMIC suppliers shows challenges in decoupling from China

US approval of export permits to Huawei, SMIC suppliers shows challenges in decoupling from China

The US government’s decision to issue US$100 billion worth of export permits to suppliers of Huawei Technologies Co and China’s top chip maker Semiconductor Manufacturing International Corporation (SMIC) – both on the US trade blacklist – shows how difficult it is for the world’s two largest economies to decouple, analysts said.From November 2020 to April 2021, US suppliers received 113 export licences worth US$61 billion to sell to Shenzhen-based telecommunications giant Huawei, as well as 188…

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By | 2021-10-22T15:30:23+00:00 October 22nd, 2021|Technology|Comments Off on US approval of export permits to Huawei, SMIC suppliers shows challenges in decoupling from China