Good morning and Eid Mubarak to all those celebrating!
Here’s Monday’s Asia AI News. A short one today, but some significant news if you missed over the weekend.
The U.S. announced Friday that it is adding more 33 Chinese firms and institutions to its ‘blacklist’. Reasons given are that the firms were either helping Beijing spy on the Uighur population or because they have ties to weapons of mass destruction and China’s military.
A couple of weeks ago, the Trump administration banned U.S. companies from selling semiconductor processors to Huawei. A year ago, President Trump confirmed that U.S. tech companies could supply Huawei, despite putting the Chinese technology company on its entity list.
Intel, Qualcomm Xilinx and Broadcom have reportedly told employees over the past ten days that they will no longer be selling processors to Huawei. Meanwhile, TSMC - Taiwan Semiconductor Manufacturing Company - ceased taking new chip orders from Huawei last week.
Although none of the above is entirely unexpected, it certainly doesn’t bode well for U.S.-China technology trade during the remainder of this year.
Have a good week and stay safe!