Trump orders ban on Chinese apps including WeChat Pay, Alipay and more
US President Donald Trump has signed an executive order to ban Chinese apps including Alipay, WeChat Pay and other apps owned by China-based companies
Ankita Chakravarti | January 6, 2021 | Updated 13:24 IST
Highlights
Donald Trump has signed an executive order to ban Chinese apps including Alipay, WeChat Pay.
Some of these apps include Jack Ma-owned Ant Group s Alipay, Tencent s QQ and WeChat Pay, CamScanner, and more
The executive order will come into effect in 45 days.
US President Donald Trump has signed an executive order to ban Chinese apps including Alipay, WeChat Pay and other apps owned by China-based companies. Some of these apps include Jack Ma-owned Ant Group s Alipay, Tencent s QQ and WeChat Pay, CamScanner, and more. The executive order will come into effect in 45 days. Interestingly, it will take effect weeks after Joe Biden takes over as the new President of the United States.
India recently announced it wanted to hear proposals to establish or expand its domestic semiconductor wafer fabrication facilities. New Delhi declared it would accept plan submissions until January 31, 2021.
Local officials launched the initiative as part of a broader government plan to make the country a global electronics hub.
Details on India Chip Factory Initiative
India’s Ministry of Electronics and Information Technology (MeitY) created three proposal submission categories for its semiconductor development project.
Under Category A, established foreign foundries or local companies can submit Expressions of Interest (EOIs) provided they have a CMOS node capable of creating processors, memory modules, or analog/digital/mixed-signal integrated circuits (ICs). Ideally, organizations should have manufacturing technology with a 28nm or lower node, a 300nm wafer size, and at least 30,000 wafer starts per month.
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China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has told investors that new US sanctions announced late last week will be a long-term hassle but won’t impact its current operations.
In a Sunday disclosure [PDF] to the Hong Kong Stock Exchange, SMIC said its addition to a US “Entity list” of organisations prevented from acquiring certain American technologies will have “no material adverse effect on the Company’s short-term operations and financial positions”.
But in the longer term, the ban “will have a material adverse effect on the research and development and capacity construction of 10 nanometres and below advanced technology nodes.”