Washington The dispute between the United States and China over the influence of the Chinese network supplier Huawei escalates. While the U.S. announced further restrictions on the company on Friday, China threatened to take action against U.S. corporations Apple, Cisco, Qualcomm and Boeing.
The U.S. Department of Commerce said chip manufacturers would not be able to deliver semiconductors to the world‘s second largest smartphone maker based on U.S. software and technology. A corresponding export regulation will be added because Huawei is undermining previous export controls.
The Chinese government party newspaper The Global Times reported that China is ready to put US companies on a list of unreliable organizations. Apple, Cisco, Qualcomm and Boeing should face investigations and restrictions.
The US measure not only affects Huawei, but also the Taiwanese chip manufacturer TSMC, which supplies the Chinese group as well as Apple and Qualcomm. As a result, the shares of TSMC, the world‘s largest computer chip contract manufacturer, listed in the USA fell by a good two percent on the stock exchange. The papers of the cellphone chip specialist Qualcomm yielded similarly. The fear of renewed tensions between the USA and China also dampened the buying mood on the European stock markets.
US President Donald Trump has already effectively banned business with Chinese network suppliers Huawei and ZTE for another year this week. He renewed a decree signed in May 2019, declaring a national emergency and banning business between U.S. companies and foreign corporations that could jeopardize U.S. national security.
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