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US stops granting export licenses to Chinese Huawei – sources

Jan 30 (Reuters) – The Biden administration has stopped approving licenses allowing U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced U.S. export restrictions on items for 5G and other technologies for several years, but U.S. Commerce Department officials have granted licenses to some …

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Foxconn to sell stake in Chinese chip company Unigroup

TAIPEI, Dec 17 (Reuters) – Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its China subsidiary has agreed to sell its entire stake in the Chinese conglomerate of Tsinghua Unigroup chips. Taiwan has been wary of China’s ambition to boost its semiconductor industry and is tightening legislation to stop what it …

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Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

HONG KONG, Dec 13 (Reuters) – China is working on a more than one trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self-sufficiency in chips and to counter US measures aimed at slowing down its technological advances. Beijing plans to roll out what will be …

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