MediaTek Inc (聯發科) has hired a former US Department of Commerce official to help it navigate worsening US-China tensions that have already ensnared its customer Huawei Technologies Co (華為).
Patrick Wilson, who most recently served as director of the department’s Office of Business Liaison, has been appointed vice president of government affairs at MediaTek USA to lead its public policy initiatives, the chip designer said in a draft press statement seen by Bloomberg News.
Wilson previously worked at the Semiconductor Industry Association, where he led the trade group’s dealings with the US federal government.
Technology companies with ties to or operations in China have come under increasing scrutiny from Washington amid growing tensions with Beijing, forcing them to ramp up spending on lobbying efforts in the US.
The department said in May that it would require licenses before allowing US technology to be used by Huawei or its 114 subsidiaries, including its chip-design unit HiSilicon Technologies Co (海思半導體), thus preventing suppliers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) from shipping HiSilicon-designed parts to the Chinese company.
Earlier this year, TSMC hired former Intel Corp lobbyist Peter Cleveland, while ByteDance Ltd (字節跳動), the Chinese owner of the TikTok app that has also come under US scrutiny, spent a record US$500,000 on federal lobbying in the quarter ended June 30.
Analysts are expecting Huawei to rely on MediaTek for chip design after TSMC said it would not ship new chips designed by HiSilicon after Sept. 15.
MediaTek might supply its chips to Huawei for a flagship handset that is expected to be introduced this year as US export controls affect supply from Qualcomm Inc and TSMC, Sanford C. Bernstein analysts, including Mark Li, wrote in a note on Thursday last week.
MediaTek shares closed up 0.29 percent at NT$682 yesterday in Taipei trading. The stock has gained 148.9 percent since its March low of NT$274, Taiwan Stock exchange data showed.
Additional reporting by staff writer
The rise of the cryptocurrency dogecoin has reached a new level after the token was used to pay for a lunar satellite launch. SpaceX, Elon Musk’s commercial rocket firm, is to embark on a moon voyage next year carrying a so-called cubesat — a mini-satellite used for space research — from Geometric Energy Corp that has been paid for entirely in dogecoin. The development is the latest twist in the saga over the digital token, which started as a joke in 2013, but is now a dominating Internet meme and sitting on a 21,000 percent rally in the past year. Musk has
The Financial Supervisory Commission (FSC) yesterday fined Citibank Taiwan Ltd (花旗台灣) NT$10 million (US$357,194) and DBS Bank Taiwan (星展台灣) NT$6 million for breaches of the nation’s anti-money laundering (AML) regulations. The NT$10 million fine is the highest penalty that it has imposed on a domestic bank, the commission said. Citibank Taiwan failed to set up a sound mechanism for evaluating clients’ risk of money laundering and for detecting suspicious transactions, Banking Bureau Deputy Director-General Huang Kuang-hsi (黃光熙) told a news conference in New Taipei City. The bank based its AML policies on those of its US-based parent company, Citigroup Inc, but the policies
CAPACITY EXPANSION: Construction of the site, which is to be the firm’s first mRNA production facility outside of Europe, is to begin this year and likely finish in 2023 COVID-19 vaccine maker BioNTech SE yesterday said it would build a Southeast Asia headquarters and manufacturing site in Singapore to produce hundreds of millions of messenger RNA (mRNA)-based vaccines per year. Construction of the site would start this year, and it could become operational by 2023, the German company said in a statement. “With this planned mRNA production facility, we will increase our overall network capacity, and expand our ability to manufacture and deliver our mRNA vaccines and therapies to people around the world,” BioNTech chief executive Ugur Sahin said. The vaccine produced by BioNTech jointly with Pfizer Inc of
OUTBREAK: About 200 of the airline’s 1,200 pilots are not able to work. Most of them have been quarantined to prevent further infection, but 12 have COVID-19 China Airlines Ltd (CAL,中華航空) yesterday confirmed that it would temporarily reduce its cargo flight services to cope with a pilot shortage, as one-sixth of its pilots have been sidelined by a COVID-19 outbreak. “We are working out a new schedule,” the airline said in a statement after local news media reports on Saturday said that it would be reducing its cargo services from Wednesday, primarily affecting US destinations. CAL declined to give details about its new operating plan, but the reports said that it would be suspending its cargo flights to Dallas Fort Worth International Airport, Hartsfield-Jackson Atlanta International Airport and