//
you're reading...
Finance & Economy

Beijing may target Apple, Boeing and other US tech giants in retaliation for Huawei ban


Dart Board

Dart Board

China has reportedly picked US targets to strike back at in response to new restrictions on its telecom giant Huawei, as Washington attempts to cut the firm off from global semiconductors supplies.

As tensions continue to escalate between the world’s two biggest economies, the US Commerce Department announced on Friday that it was amending an export rule and the Entity List to “narrowly and strategically target Huawei’s acquisition of semiconductors that are the direct product of certain US software and technology.”

Chinese state media was quick to react to the new restrictions on key technological supplies for domestic companies. According to the Global Times, Beijing is ready to put US companies on the so-called “unreliable entity list,” as well as launch investigations against Qualcomm, Cisco and Apple under Cybersecurity Review Measures and anti-monopoly law. The report added that the firms may face some restrictions, without elaborating on the scale of the measures.

Additionally, China can suspend its purchases of Boeing aircraft, which could be a huge blow to the aerospace firm as it faces massive losses over the coronavirus crisis.

The latest restrictions from the US Commerce Department require foreign semiconductor manufacturers that use US software and technology to obtain a license from US officials before shipping products to Huawei. At the same time, the ban targets chips designed for Huawei, requiring a similar license.

Huawei has long been targeted by the US for alleged links to the Chinese government, a charge which the company has repeatedly denied. Washington has deemed the company a threat to national security and has been pushing its allies to ditch Huawei technology, especially when it comes to 5G networks. Last year, the Trump administration barred US companies from doing business with Huawei, but has been granting temporary licenses to facilitate support for existing hardware with software updates since then.

Source RT – Beijing may target Apple, Boeing & other US tech giants in retaliation for Huawei ban – Chinese state media

About uwe.roland.gross

Don`t worry there is no significant man- made global warming. The global warming scare is not driven by science but driven by politics. Al Gore and the UN are dead wrong on climate fears. The IPCC process is a perversion of science.

Discussion

One thought on “Beijing may target Apple, Boeing and other US tech giants in retaliation for Huawei ban

  1. Reblogged this on uwerolandgross.

    Like

    Posted by uwe.roland.gross | May 16, 2020, 6:33 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

China News

China News is not affiliated in any way with any publication in China or anywhere else.

Enter your email address to receive an email each time an article is published, or join our RSS feed. 100% FREE.

Join 3,706 other followers

Want to write for China News?

Read “Contributor Guidelines” above to join our team of 76 contributors. Write news or opinion about issues in China, or post photos and video. Promote your own site.

Recent Posts

China News Articles Have Been Featured In:

%d bloggers like this: