U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation

Wedbush reiterated its outperform rating and $1,000 price.....»»

Nio shares came under pressure Friday following an announcement that the company was temporarily stalling production at its plant in Hefei, China, because of the global shortage in computer chips. read more.....»»

Suppliers in Asia report U.S. brands asking them to ditch cotton from the northwestern region, accounting for about one-fifth of global supply......»»

The trade tensions between Beijing and Washington have flared up again as the New York Stock Exchange moves to delist China’s three large telecom carriers, the Associated Pressread more.....»»

The impact of Huawei's woes on its Taiwan-based chip suppliers has been smaller than expected, according to industry sources......»»

When tough US sanctions against Huawei took effect in mid September, Taiwanese chip suppliers did lose massive orders from one of their biggest clients. But Taiwan's IC ecosystem has since seen the void filled up by strong d.....»»

China’s biggest tech firm, Huawei Technologies Co., has risen to global prominence as a leader in 5G, the much ballyhooed, next-generation wireless technology. It’s also become a major target for the U.S., which has been trying to convince its .....»»

Wall Street's main indexes were set to open lower on Friday after the Trump administration's move to block semiconductor shipments to China's Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing......»»

Futures Tumble After US Restarts Trade War With China, Locks Out Huawei; China Vows Retaliation Against Apple, Boeing Tyler Durden Fri, 05/15/2020 - 07:52 Well, we did warn you just two days ago that "US-Ch.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Global Times editor H.....»»

U.S. stock index futures slipped on Friday after the Trump administration moved to block shipments of semiconductors to China's Huawei Technologies from global chipmakers, a move that could ramp up trade tensions between Washington and Beijing......»»

Futures Tumble After US Restarts Trade War With C.....»»

Taiwan Semiconductor Manufacturing Co Ltd , the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for the Trump administration's efforts to wrestle global tech supply chains back from China......»»

U.S. Secretary of State Mike Pompeo on Friday said China's role in the global coronavirus pandemic is likely to force countries to rethink their telecommunications infrastructure, including the adoption of China-based Huawei's 5G networks......»»

A Huawei Technologies Co Ltd [HWT.UL] executive on Tuesday described as "unfortunate" plans by the U.S. government to curb the Chinese telecom equipment maker's access to global chip supplies......»»

It was a year when global semiconductor revenue fell by the greatest percentage in at least two decades, when eight of the top-10 chip suppliers suffered revenue declines and when sales fell for every application market and for every global region. The ye.....»»

Global chip sales momentum stalled in February due a falloff in demand from China as the COVID-19 pandemic spread, according to the Semiconductor Industry Association late Friday. While worldwide February sales rose 5% to .....»»

Global chip sales momentum stalled in February due a falloff in demand from China as the COVID-19 pandemic spread, according to the Semiconductor Industry Association late Friday. While worldwide February sales rose 5% to .....»»

China's Huawei Technologies reported its smallest annual profit increase in three years, hurt by weak overseas sales amid an intensifying U.S. campaign to restrict its global expansion due to security concerns......»»