Trump administration criticizes Chinese telecom firm
The administration of President Donald Trump suggesting Huawei suppliers, involving chipmaker Intel, that is removing certain licenses to sell to the Chinese firm and aims to cancel several other applications to supply telecommunications companies. The action which has been carried out against the Chinese telecom company under Republican President Donald Trump which is recent in a long-running effort to lowered the biggest telecommunications equipment maker in the world, that Washington observes as a national security threat.
The statements came amid a discompose of the United States' efforts against China in the last days of Mr. Trump’s administration. Democrat Joe Biden will take the charge of office as the new president of the country on Wednesday. Both Huawei and Intel corporation denied to comment on the matter.
The Commerce Department said that it could not comment on particular licensing decisions, but further stated that it continues to operate with various other agencies to steadily administer licensing policies so that it safeguards the United States national security as well as overseas policy interests.
In a recent document, the Semiconductor Industry Association said that the Commerce Department had released intends to decline an essential number of license requests for exports to the telecommunication company of China and cancellation of at least one last release license. The well-known source issued a condition of anonymity, which also said that there was more than one cancelation. It further told that 8 licenses were snatched from four firms.
The report produced moderate profit-capturing in some semiconductor-related shares in the Asian continent. Reportedly, Samsung Electronics, Korea decline to 1.5 percent, while the Advantest of Japan gained to 1.5 percent and Tokyo Electron decreased to 0.8 percent. The flash memory chip maker of Japan, Kioxia had canceled one of the licenses. The source said that the firm formerly called as Toshiba Memory which urged that it doesn’t reveal business information related to particular products or customers.