By LIU YINMENG in Los Angeles | China Daily Global | Updated: 2021-03-15 10:03 Share CLOSE A man visits a booth of Semiconductor Manufacturing International Corporation (SMIC), at China International Semiconductor Expo (IC China 2020) following the COVID-19 outbreak in Shanghai, Oct 14, 2020. [Photo/Agencies]
Trade policies often have unintended consequences, such as US sanctions on a major Chinese tech company contributing to a global shortage of semiconductors, an expert on global trade told business webinar attendees. I think based on what I ve seen and read, it s partly because of supply chain issues with COVID, but it s also being attributed to unintended blowbacks or consequences of our export-control and growing tech battle between the US and China, said Robert Oberlies.
Qualcomm Supply Shortage Puts Samsung, HMD Global in Trouble: Why is the Chip Supply so Critical?
The Qualcomm supply shortage now puts companies like Samsung and HMD Global in trouble. Here s why the chip supply is so critical.
Photo : Mario Tama/Getty Images
When the COVID-19 pandemic hit the world quite unexpectedly in 2020, it sparked a huge increase in demand for gadgets and other devices. With people stuck at home, technology was one of the largest industries that grew even bigger with the need for gadgets increasing and the supply remaining the same. Qualcomm is one of those suppliers that have reportedly been hit by the chip shortage.
How ETFs were impacted by US sanctions against China
The US government’s blacklisting of Chinese companies sent ripples through the ETF industry.
Alex Rolandi reports on how sanctions may have had more impact on investors and index providers than on the country itself.
When US sanctions against Chinese companies increased earlier this year, benchmark providers had to revise their listings and fund managers reassessed portfolios. BlackRock and Vanguard, who were significantly exposed to the newly blacklisted companies, had to offload billions of dollars as a result of Donald Trump’s executive order banning US investment in Chinese securities with military connections.
Xiaomi granted reprieve against investment ban techspot.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techspot.com Daily Mail and Mail on Sunday newspapers.
US business expert talks consequences of trade sanctions chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.