Trump Administration Adds China’s Biggest Chip Maker To Trade Blacklist For Alleged Military Ties

Topline

The U.S. Department of Defense added China’s biggest chipmaker, SMIC and major oil firm CNOOC to a trade blacklist due to their alleged ties to the country’s military, continuing the outgoing Trump administration’s crackdown on Chinese firms.

Key Facts

Late on Thursday, the Department of Defense announced a total of four additions to its blacklist also including China Construction Technology Co Ltd and China International Engineering Consulting Corp.

SMIC, which is China’s biggest semiconductor maker, relies heavily on equipment and software from U.S. suppliers to design and manufacture its chips.

In a stock exchange filing on Friday the Chinese chipmaker said that it was aware of the action and was still evaluating the potential fallout.

Crucial Quote

In a Wall Street Journal

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Biden’s top technology advisor has a history of cracking down on Big Tech, and he may land a major role in the new administration



a man wearing a suit and sunglasses talking on a cell phone: President-elect Joe Biden. Drew Angerer/Getty Images


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President-elect Joe Biden. Drew Angerer/Getty Images

  • It looks increasingly likely that President-elect Joe Biden’s administration is going to come down hard on Big Tech.
  • The Biden campaign’s top technology advisor, Bruce Reed, helped draw up strict privacy legislation for California, and has publicly argued that tech companies should be held liable for harmful content on their platforms.
  • It’s not clear yet whether Reed will get a position in the Biden administration, though Reuters reports he is expected to take a “major role.”
  • Visit Business Insider’s homepage for more stories.

As tech giants prepare for the handover of power from President Donald Trump to President-elect Joe Biden, signs are mounting that the new administration is preparing to clamp down on them.

Reuters reported Sunday the Biden campaign’s top advisor on technology, a veteran Biden staffer called Bruce Reed, has a history of advocating for policies

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Global HR Core Administration Software Market 2020 Leading Competitors, Regional Trends and Growth Trends 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 22, 2020 (CDN Newswire via Comtex) —
Global HR Core Administration Software Market 2020 by Company, Regions, Type and Application, Forecast to 2026 is the latest market report rolled out by MarketsandResearch.biz, one of the world’s leading market research firms. The report contains a detailed description of all the major market components such as global status and trend, market size, sales volume, market share, growth, future trends analysis, segment, and forecasts from 2020 – 2026. In the research report, various factors of the market & industry including market overview, premium insights, key insights, and company profiles of the key market players have been studied/researched and compiled together. The research contains an in-depth study of the market including its key opportunities and growth trends.

Market Sectioning:

The market can be segmented into various types and applications.

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Trump Administration Lets Qualcomm Sell Huawei 4G Mobile Chips

Huawei is apparently not so bad after all, according to the Trump administration. It just gave Qualcomm permission to sell it chips.

Huawei is apparently not so bad after all, according to the Trump administration. It just gave Qualcomm permission to sell it chips.
Photo: Justin Sullivan (Getty Images)

The Trump administration, distracted by other important things, has apparently forgotten that it’s mad at Huawei. If this seems strange to you, it’s probably because we’ve all gotten used to hearing the government go on and on about how the Chinese telecommunications company is a threat to U.S. national security. But alas, these comments apparently do not matter much anymore, because the U.S. government is letting American companies sell certain items to Huawei again.

According to Reuters report, Qualcomm received a license from the U.S. Department of Commerce to sell 4G mobile phone chips to Huawei on Friday. In August, the Trump administration delivered what some called a “lethal blow” to Huawei by banning any company, not just

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TikTok’s Nov. 12 sale deadline likely to pass with no action by Trump administration

And with no immediate threat of getting banned in the country after courts halted the administration’s shutdown order, TikTok is in a less precarious position and may be granted more time to figure out a path forward that avoids a wholesale sell-off in the U.S.

For months, the app was thrust into the spotlight of the administration’s China trade agenda. But it has seemingly fallen off the radar as Trump and his team focused on the election and coronavirus.

The video app on Tuesday asked a court to intervene and give it more time to reach a deal with the government, saying in a filing that it wants the divestment order to be vacated. TikTok said it asked a federal appeals court in D.C. for a “review of actions” of the government committee that demanded the divestiture, saying it has provided no “substantive feedback” on a deal the company has

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