Fri, April 26, 2024

Huawei

Congress and a stimulus package

U.S. Congress, Coronavirus Relief Deal, and Broadband

Last year, more precisely on December 20, lawmakers reached a $900 billion coronavirus relief deal. It is worth mentioning that, the deal includes billions in funding for broadband internet access. People should take into account that, the latest relief measure provides $7 billion in funding for broadband connectivity and infrastructure. Importantly, that figure includes $3.2 …

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Huawei and the G-20 summit

United Kingdom bans Huawei 5G telecoms equipment

Relations between Chinese tech giant Huawei and the U.S. are quite complicated. However, the U.S. is not the only country that decided to take measures against the tech giant. For example, the U.K.’s government decided to ban the installation of new Huawei 5G equipment from September 2021. The government plans to remove the Chinese firm’s …

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Huawei building

Huawei, Mate 40 Smartphone, and Digital Yuan

Huawei is one of the most famous smartphone makers in the world. The famous company made an important announcement on the Chinese microblogging website Weibo on October 30. According to this announcement, the Mate 40 smartphone will include an integrated hardware wallet for China’s digital currency, the digital yuan. Based on the information provided by …

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Huawei logo

Britain says Huawei Security Failings Pose Long-term Risk

China’s Huawei Technologies has failed to assure British security officials on the use of its products. It was unable to convince them that using its products in UK national infrastructure can be adequately managed. This was according to a government report released on Thursday. Issues about the company’s engineering and security practices meant it could …

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Micron building.

Micron Yet to Regain License to Sell Chips to Huawei

Micron Technology Inc has not yet obtained new licenses needed to sell its memory chips to Huawei Technologies. Company executives on Tuesday said  this will cut its sales over the next two quarters.  Based in Boise, Idaho, Micron is one of the world’s biggest makers of DRAM chips. It said it had previously obtained licenses …

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Samsung headquarters.

Samsung Signs up Verizon for Indoor 5G | Wibest Broker

Samsung Electronics has signed up Verizon for its 5G products to increase indoor coverage. The signing took place weeks after winning a $6.64 billion order for telecom equipment from the mobile network operator. Verizon is now the company’s first customer in the United States for its 5G technology.  Samsung was a small player in the …

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French head office of Huawei Technologies

Huawei Phone Prices Rise in China amid Chip Shortage

Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd featuring its high-end Kirin chips. Buyers fear curbs on the firm’s access to U.S. technology will soon cut off production of its premium handsets. Huaqiangbei is the world’s largest electronics market located in the southern city of Shenzhen. Phone vendors in Huaqiangbei said …

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Daily Market Charts and Analysis September 14, 2020

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK The eurozone lost 5.1 million jobs throughout the pandemic. The previous three months saw employment fall by 2.9 percent, and its official second-quarter GDP figure showed an 11.8 percent decline in the same …

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Tensions between U.S. and China

How Bilateral Tensions Affected U.S. Companies in China

Trade tensions between the U.S. and China started a long time ago, but it is hard to determine for how long tensions would continue to dominate the headlines. An annual business sentiment survey conducted by the American Chamber Commerce in Shanghai and consultancy PwC China contains many interesting details. According to a business sentiment survey, …

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Logo of Huawei on the main building

Samsung, SK Hynix to Drop Trades with Huawei | Wibest Broker

South Korea’s top manufacturers of semiconductors are to suspend all transactions with Chinese firm Huawei. This is in compliance with the latest U.S. sanctions against the company being accused of spying and stealing technology. Samsung and SK Hynix are to stop selling components to Huawei as the Trump administration tightens sanctions on the phone maker. …

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ARM is a smart phone chip designer.

Huawei Runs Out of Chips for Smartphones over US Sanctions

Huawei says it’s running out of processor chips. This is due to U.S. sanctions against the world’s biggest smartphone vendor, said reports. As of next month, Huawei will no longer be able to make its own Kirin chipsets. This is due to the ongoing economic pressure from the U.S. This was, according to Richard Yu, …

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Aerial photo of a Microsoft building

MS CEO Satya Nadella Talks to Trump about Buying TikTok

Microsoft said in a blog post, it would continue discussions on exploring the purchase of TikTok in the United States. This was following a conversation between its CEO Satya Nadella and President Trump. It’s the first time MS has confirmed reports of talks regarding the acquisition of the controversial video sharing platform. The blog post …

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Assorted apps on smartphone.

Trump Administration to ‘Ban’ TikTok App | Wibest Broker

The Trump administration is looking to ban Chinese social media apps, including TikTok. Secretary of State Mike Pompeo mentioned the possibility on Tuesday, saying it was something they’re looking at.  Pompeo offered few specifics and he also compared TikTok to Huawei and ZTE. These were two companies that have suffered very real consequences after drawing …

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Spot price of gold is on the rise

Gold surged to $ 1,761, the highest level since 2012

Concerns about tense relations between America and China and weak data from America’s economy boosted appetite for investing in the gold market. The price of the yellow metal yesterday settled at its highest level since October 2012. Gold rose 1.04 percent to $ 1,761.87 an ounce. Gold for delivery in June increased by 0.89 percent …

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