Latest news with #Huawei-made
Yahoo
4 days ago
- Business
- Yahoo
China accuses US of violating trade truce and vows firm retaliation
China criticised the US on Monday for 'seriously violating' a trade truce agreed in Geneva last month, an agreement that temporarily reduced steep tariffs on both sides. The Commerce Ministry denounced Washington's moves to stop the sale of chip design software to China, issuing warnings against the use of Huawei-made chips, and revoking Chinese student visas. 'We urge the US to work with China to immediately correct relevant wrong practices,' the Commerce Ministry said in a statement. 'If the US insists on its own way and continues to damage China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests.' After a breakthrough in early May, Washington lowered tariffs imposed on goods from China from 145% to 30%. Beijing's retaliatory tariffs, meanwhile, were lowered from 125% to 10%. While the deal lasts 90 days, allowing US and Chinese negotiators to reach a more substantial agreement, tensions have since been ratcheting up between the two sides. Related Volkswagen in direct talks with US government regarding tariff deal EU 'strongly regrets' Trump's announcement to double steel and aluminium tariffs to 50% Trump stoked the hostility on Friday, accusing Beijing of violating the truce, without giving details. 'So much for being Mr. NICE GUY," Trump said in a post on Truth Social. US Trade Representative Jamieson Greer later said China had not been removing non-tariff barriers, as per the agreement. He notably criticised Beijing for placing US companies on blacklists and restricting exports of rare earth magnets to the US. Both countries are in a race to develop advanced technologies such as artificial intelligence, with Washington seeking to curb China's access to the most advanced computer chips. 'Instead of reflecting on itself, it [the US] has turned the tables and unreasonably accused China of violating the consensus, which is seriously contrary to the facts,' the Commerce Ministry said in Monday's statement. This Wednesday, the US is set to double its current tariffs on steel and aluminium from 25% to 50%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
&w=3840&q=100)
First Post
4 days ago
- Business
- First Post
China says US ‘severely' violated May trade truce on tariffs, vows retaliation
Beijing claims recent US actions, including halting sales of chip design software to Chinese firms, advising against using Huawei-made chips, and cancelling visas for Chinese students, violate the terms of a recent trade truce read more China has accused the US of breaching its art of the two nations' agreement on trade. Representational Image China on Monday (June 2) accused the United States of 'severely violating' a recent trade truce and pledged to take strong measures to defend its interests. The Ministry of Commerce said Washington had 'seriously undermined' the agreement reached in May during talks in Geneva, where both countries agreed to lower tariffs on each other's goods. The ministry also cited a breach of consensus from a January phone call between President Xi Jinping and US President Donald Trump. STORY CONTINUES BELOW THIS AD Tariff troubles remain The US had reduced tariffs on Chinese imports from 145 per cent to 30 per cent, while China lowered its tariffs on American goods from 125 per cent to 10 per cent. However, Beijing claims recent US actions, including halting sales of chip design software to Chinese firms, advising against using Huawei-made chips, and cancelling visas for Chinese students, violate the terms of the deal. President Trump said Friday (May 30) that China had 'totally violated its agreement with us,' without providing specifics. US Trade Representative Jamieson Greer later stated that China had failed to remove non-tariff barriers as agreed, BBC reported. Xi, Trump expected to hold talks soon Despite escalating tensions, Treasury Secretary Bessent and National Economic Council Director Kevin Hassett indicated that Xi and Trump could hold talks this week. Both officials said the leaders are willing to engage, though no date has been confirmed. The Trump administration had shifted focus toward negotiating tariffs with other major trading partners including India, Japan, and the European Union, after trade talks with China stalled . Last week, Trump announced plans to double tariffs on steel and aluminum imports to 50 per cent, citing the need to bolster domestic industry and reduce reliance on China. The fragile nature of the current truce shows the challenges in achieving a long-term trade agreement between the world's two largest economies. With inputs from agencies
&w=3840&q=100)
First Post
29-05-2025
- Business
- First Post
Semiconductor showdown: Trump blocks key US tech firms from serving China
Media reports say that the Department of Commerce sent out letters to leading providers of electronic design automation (EDA), including companies like Synopsys and Siemens EDA, last month, asking them to stop the supply of the technology to China read more A student measures the thickness of a wafer at the Inter-university Semiconductor Research Center at Seoul National University in Seoul on April 30, 2025. Representational image/AFP The US government has ordered tech companies to stop offering software designs used to manufacture semiconductors to China as the Trump administration ramps up its efforts to slow down Beijing's advanced chip production. Media reports say that the Department of Commerce sent out letters to leading providers of electronic design automation (EDA), including companies like Synopsys and Siemens EDA, last month, asking them to stop the supply of the technology to China. STORY CONTINUES BELOW THIS AD 'The Commerce Department is reviewing exports of strategic significance to China. In some cases, Commerce has suspended existing export licenses or imposed additional license requirements while the review is pending,' a source told Bloomberg. More from Tech A new doctrine? Trump lays out vision for US military and global role at West Point address The scope of the restrictions remains uncertain, but one source indicated they could amount to a de facto ban on conducting business in China. Synopsys derives approximately 16 per cent of its revenue from the Chinese market, while Cadence earns around 12 per cent from the region. Synopsys chief executive Sassine Ghazi said, 'We are aware of the reporting and speculation, but Synopsys has not received a notice from BIS. So, our guidance that we are reiterating for the full year reflects our current understanding of BIS export restrictions, as well as our expectations for a year-over-year decline in China [revenue].' At the same time, Cadence's shares dropped 10.7 per cent and Synopsys's 9.6 per cent after the news. How else has US curbed Chinese chip production Earlier this month, US President Donald Trump's administration warned that any company using Huawei-made artificial intelligence chips anywhere in the world could attract criminal penalties for potentially violating US export controls. Washington has adopted a steadily intensifying strategy to hinder Beijing's efforts to develop a domestic semiconductor industry. It began by restricting China's access to equipment needed for producing cutting-edge electronic components and has since progressively expanded the scope of these regulations. A report by FT says that the Trump administration plans to a number of Chinese chipmakers on blacklist to make it more difficult for US companies to provide them with American technologies. US-China trade deal A US federal court blocked most of Donald Trump's sweeping tariffs from going into effect, boosting markets on Thursday even as the White House appealed against the decision by 'unelected judges'. The opinion marks a significant setback to Trump as he bids to redraw the US trading relationship with the world by forcing governments to the negotiating table through tough new tariffs. STORY CONTINUES BELOW THIS AD Trump unveiled sweeping import duties on most trading partners on April 2, at a baseline 10 per cent, plus steeper levies on dozens of economies, including China and the European Union. With inputs from agencies
&w=3840&q=100)
First Post
15-05-2025
- Business
- First Post
Trump's new salvo at China: Using Huawei's chips 'anywhere in the world' violates US export controls
US has warned that any company using Huawei-made artificial intelligence chips anywhere in the world could attract criminal penalties for potentially violating US export controls read more US President Donald Trump's administration has warned that any company using Huawei-made artificial intelligence chips anywhere in the world could attract criminal penalties for potentially violating US export controls. The directive from the US Commerce Department is supported by the notion that Huawei chips, especially Ascend 910B, 910C and 910D, are made using US technology. The department's Bureau of Industry and Security clarified Tuesday (May 13) that the new measure was part of the administration's more stringent approach to foreign AI chips. It is to be noted that the bureau has not issued any rule but has merely widened the interpretation of US export controls. STORY CONTINUES BELOW THIS AD 'The guidance is not a new control, but rather a public confirmation of an interpretation that even the mere use anywhere by anyone of a Huawei-designed advanced computing [integrated circuit] would violate export control rules,' Kevin Wolf, a veteran export control lawyer at Akin Gump, was quoted as saying by Financial Times. Which Huawei chips are targeted by US? According to the Trump administration, Huawei Ascend chips — the 910B, 910C and 910D — are subject to the guidelines. It maintains that these chips have been 'designed with certain US software or technology or produced with semiconductor manufacturing equipment that is the direct produce of certain US-origin software or technology, or both'. The punitive measure against the Chinese chip giant comes as policymakers in Washington have been left stunned by the pace Huawei developed these chips and started delivering advanced AI chip 'clusters' to clients in China. Threat to Nvidia Huawei claims its advanced AI chip cluster outperforms the comparable product made by US rival Nvidia. The Chinese system is made up of a large number of 910C chips. While these chips may not be able to match the performance of Nvidia chips individually, Huawei claims the chip cluster may offer superior performance collectively. US alarmed There is increasing concern in the US that China's leading AI company might soon sell AI processors in China and abroad, competing with products from Nvidia and other American companies. Last month, Nvidia's CEO Jensen Huang described Huawei as 'one of the most formidable technology companies in the world' and mentioned that US policies should support his company in competing globally. The announcement coincided with Trump's visit to Saudi Arabi a, where he revealed several deals, including a promise by the kingdom's new state-owned AI company, Humain, to build AI infrastructure using hundreds of thousands of Nvidia chips.
