Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday.
Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage.
From Monday last week, new curbs have barred US companies from supplying or servicing Huawei.
This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei.
China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought permission to continue servicing Huawei.
The Australian operation of Huawei has said that it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.
In 2018, Australia banned Huawei from supplying equipment for a 5G mobile network on the grounds of national security risks, a move the company criticized as being politically motivated.
“In simple terms the 5G ban on Huawei has cost us 1,000 high-tech and high-wage jobs from the economy,” Huawei Australia chief corporate affairs officer Jeremy Mitchell said in an e-mailed statement. “We have gone from 1,200 staff to fewer than 200 and by next year, it will be lower still.”
MOMENTUM: While next-generation smartphones feature more semiconductors and vendors increase their inventory, the chipmaker remains focused on production in Taiwan Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the sole chip supplier for Apple Inc’s iPhone series, yesterday raised its revenue forecast again, saying that robust demand for 5G smartphones and high-performance-computing (HPC) would help boost revenue this year by 30 percent in US dollar terms. Three months ago, the chipmaker estimated that revenue would grow 20 percent this year from last year, reaching its long-term growth target of 15 to 20 percent annually. “Moving into the fourth quarter, we expect our growth in revenue to be supported by strong demand for our industry-leading 5-nanometer technology driven by 5G smartphone launches and HPC-related applications,”
WIN-WIN SITUATION: Customers, products and client portfolios of the companies are complementary, allowing for inroads into new fields, Chipbond’s chairman said Chipbond Technology Corp (頎邦) yesterday said it plans to acquire about a 31 percent stake in Orient Semiconductor Electronics Ltd (華泰電子) in a cash-and-share deal, aiming to make inroads into flash memory-chip packaging. Chipbond said the strategic alliance would open the door for the company to enter the flash memorychip packaging and testing market, which is a new business for the Hsinchu-based company. Chipbond primarily provides testing and packaging services for driver integrated circuits that are used in flat panels. BUSINESS OPPORTUNITY “Except for flash memory chips, we also saw a lot of new businesses that require the technologies of Chipbond or Oriental
India’s COVID-19 economic gloom turned into despair this week, on news that its per capita GDP for this year might be lower than that of Bangladesh. “Any emerging economy doing well is good news,” Kaushik Basu, a former World Bank chief economist, said on Twitter after the IMF updated its World Economic Outlook. “But it’s shocking that India, which had a lead of 25% five years ago, is now trailing.” Ever since it began opening up the economy in the 1990s, India’s dream has been to emulate China’s rapid expansion. After three decades of persevering with that campaign, slipping behind Bangladesh hurts
BROADER STANCE: While growth in its core consumer electronics assembly business is decreasing, the manufacturing giant aims at a 10 percent gross margin Hon Hai Precision Industry Co (鴻海精密) said it aims to secure a 10 percent share of the world’s electric vehicle market by 2025, with about 3 million vehicles potentially using its platform. The electronics giant yesterday unveiled the plan to expand its nascent automobile business, saying that it seeks to offset slowing growth in its core consumer electronics assembly business. The company also outlined plans to release a solid-state battery by 2024 that could potentially displace the more commonly used lithium-ion batteries in electric vehicles. Hon Hai plans to achieve its ambitious target by making its software and hardware platforms “open,” Hon Hai