US President Donald Trump on Wednesday extended for another year an executive order signed in May last year declaring a national emergency and barring US companies from using telecommunications equipment made by firms posing a national security risk.
The order invoked the US International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency.
US lawmakers said that Trump’s order last year was aimed squarely at Chinese companies such as Huawei Technologies Co (華為) and ZTE Corp (中興).
Photo: AP
The US Department of Commerce is expected to extend again a license, set to expire today, allowing US companies to keep doing business with Huawei, a person briefed on the matter said.
The department has issued a series of extensions of the temporary license and previously extended it until April 1.
Huawei, the second-largest maker of smartphones, is also a major telecoms equipment company that provides 5G network technology.
In March, the department sought public comments on whether it should issue future extensions and asked what was the “impact on your company or organization if the temporary general license is not extended?”
It also asked about the costs associated with ending the licenses.
Wireless trade association CTIA urged the department to approve a “long-term” license extension, writing that “now is not the time to hamper global operators’ ability to maintain the health of the networks.”
The association said that “ongoing, limited engagement with Huawei to protect the security of equipment and devices in the market benefits American consumers by reducing the risk that they will be subject to device compromise.”
It also asked the department to “reinstate and modify its prior authorization for standards development work to allow for exchanges with Huawei in furtherance of global telecommunications standards.”
The commerce department and Huawei declined to comment.
Since adding Huawei to an economic blacklist in May last year, citing national security concerns, the department has allowed it to purchase some US-made goods in a move aimed at minimizing disruption for its customers, many of which operate wireless networks in rural areas of the US.
In November last year, the US Federal Communications Commission designated Huawei and ZTE as national security risks, effectively barring their rural customers in the US from tapping an US$8.5 billion government fund to purchase equipment.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to