Huawei has landed in America.
The US Department of Commerce has introduced new rules to limit the sharing of certain “low-grade” technologies and software with Chinese companies like Huawei.
On September 8, the US Department of Commerce allows certain technology and software to be shipped to Chinese companies on the Entity List, a new rule announced by the Bureau of Industry and Security.
“This is an answer to whether U.S. companies need to obtain approval before sharing ‘inferior’ technology with sanctioned countries like Huawei,” the Commerce Department said in a statement.
In May 2019, the US government led by President Donald Trump banned Chinese companies from using US technology. But the policy restricts American companies from doing business with Chinese partners. It is also believed to be a driving force for Beijing to accelerate the process of technological autonomy and increase influence in a print context.
US Assistant Secretary of Commerce Allen Estevez said the new law will help strengthen American leadership, particularly in issuing key technology standards.
Huawei is one of dozens of companies listed in the US since 2019. Can. Since then, the company has constantly struggled with business problems. The company is now looking to expand its business to reduce the impact of insurance. The company this week unveiled the Mate 50 smartphone with satellite connectivity but without 5G.
Huawei is not China’s largest private company.
In the ranking of China’s 500 private companies in 2022, Huawei has fallen to 5th place. Previously, it was at the top of the list for 6 consecutive years. The three largest companies are currently the two e-commerce companies JD.com, Alibaba and the textile manufacturer Henley Group.
Despite the rebate, Huawei’s only private company paid more than $50 billion last year. yuan (over US$7.2 billion) in taxes. In addition, the company is China’s largest R&D investment company with 142.7 billion yuan. yuan ($20.5 billion), well ahead of Alibaba and Tencent, which invested 57.8 billion yuan. yuan yuan (US$8.3 billion) and 51.9 billion yuan (US$7.5 billion).
Bao Lam (Consequences SCMP)