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

Read More

Global Trade Finance Software Market Forecast to 2027: Analysis by Component, Deployment, Enterprise Size, and End-Use

DUBLIN–(BUSINESS WIRE)–Nov 27, 2020–

The “Trade Finance Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component, Deployment, Enterprise Size, and End-Use” report has been added to ResearchAndMarkets.com’s offering.

In 2019, APAC led the global trade finance software market with 36.81% revenue share, followed by Europe, and North America. APAC includes Australia, China, India, Japan, South Korea, and Rest of APAC. APAC is the world’s largest continent and is well known for its technological innovations in the above mentioned countries. Rise in smartphone and internet penetration in the APAC countries is acting as a significant opportunity for the key players in the trade finance software market.

Rapid technological advances, policy support, and economic digitization are among the factors that assist the transition of economies in this region from the growing stage to the developed stage. Also, the market in APAC is anticipated to grow at a fast

Read More

Jamaican businesses invited to participate in US virtual trade mission and networking event

KINGSTON, Jamaica— The American Chamber of Commerce of Jamaica (AMCHAM) is partnering with the US Department of Commerce’s Commercial Service and the US Embassy in Jamaica to host a Caribbean region virtual trade mission on December 1.

The virtual trade mission will allow Jamaican companies to take advantage of the opportunity to strengthen supply chains by connecting with potential business partners in the US, our main trade partner.

“With the anticipated participation of numerous US businesses representing various sectors including construction, energy, tourism, finance, food & beverage, engineering and nutraceuticals, the event presents an excellent opportunity for Jamaican businesses to expand their network of business contacts in the USA,” AMCHAM said in a news release

Chairman of Jamaica’s Economic Growth Council, Michael Lee-Chin, will be the keynote speaker.

The event will enable Jamaican businesses to make links with companies from the United States, allowing buyers and suppliers to meet virtually

Read More

Datadog, Roku, Square, The Trade Desk and JFrog

Roku

Roku reported Q3 earnings on November 5th. The 73% year-over-year revenue growth the company announced was 23% above consensus expectations. Gross profit rose 81% YoY while gross margin rose 216 basis points in total to 47.6%. 

Roku added 2.9M active accounts in the quarter (+43% YoY). Total streaming hours increased by 0.2 billion hours over the last quarter to 14.8B (+54% YoY), while ARPU grew 20% YoY to $27.

Roku was a beneficiary of the rebound in ad spend, as the company saw Q3 monetized video ad impressions grow 90% YoY vs. 50% YoY growth last quarter. Roku is anticipating that Q4 revenue growth will likely be in the mid-40% range, similar to the growth rate seen in the last few holiday seasons. Per the earnings call, the company is being cautious about holiday spending with this forecasted guidance. 

ROKU shares briefly

Read More