US and Asian Executives Converge on San Francisco for APEC Summit

US and Asian Executives Converge on San Francisco for APEC Summit

Executives from leading multinational corporations are attending the APEC summit in San Francisco to tackle trade challenges and improve US-China relations. Companies are eager to maintain access to the Chinese market amidst regulatory changes. High-profile executives, including those from Microsoft, Citigroup, Exxon Mobil, Tesla, and SpaceX, are attending the summit to discuss concerns and ambitions. Possible signs of thawing relations include the potential unveiling of a purchase agreement by China for Boeing’s 737 Max jetliner. Discussions will cover AI, access to the Chinese market, and the risks and rewards of operating in China.

US Concerned Over Huawei’s Advanced Chip in New Phone

US Concerned Over Huawei’s Advanced Chip in New Phone

US Secretary of Commerce Gina Raimondo expressed concern over the presence of an advanced chip in Huawei’s latest smartphone, suggesting that the Chinese telecoms giant may have found a way around US controls on access to cutting-edge semiconductors. The US has been cautious about Chinese advancements in technology due to military concerns and had previously restricted China’s ability to procure advanced chips through export control measures and international persuasion. However, it may be difficult to prevent companies like Huawei from developing their own domestic chip supply chains.

Taiwan to Investigate Huawei’s Taiwanese Suppliers for Possible Violation of US Sanctions

Taiwan to Investigate Huawei’s Taiwanese Suppliers for Possible Violation of US Sanctions

Taiwan’s Ministry of Economic Affairs will investigate Taiwanese suppliers working with Huawei for potential US sanctions violations. The probe will determine whether these suppliers have aided Huawei’s chipmaking factories in China. The investigation comes as the US attempts to counter China’s domestic chip manufacturing efforts. Additionally, concerns have been raised over Huawei’s advanced chips in 5G smartphones.