BusinessWorld
February 11, 2021 | 6:20 pm
JOSEPH R. BIDEN, in his first conversation as president with the Chinese leader Xi Jinping, spoke of his concern about Chinaâs âcoercive and unfair economic practicesâ as well as human rights abuses in the Xinjiang region, according to a White House account of their telephone call.
Mr. Biden also expressed misgivings about the countryâs growing restrictions on political freedoms in Hong Kong and âincreasingly assertive actions in the region, including toward Taiwan,â in the call, which took place Thursday morning Beijing time.
Mr. Biden, who wished Mr. Xi a happy Lunar New Year, was âcommitted to pursuing practical, results-oriented engagements when it advances the interests of the American people and those of our allies,â the White House said.
Huawei’s fate in the US will remain as is. No change will be made even if the country has a new President. There is no formal or official statement provided yet but Gina Raimondo, President Biden’s nominee for Commerce secretary, said that there is no reason why Huawei and other Chinese brands should be removed […]
Chip shortage to keep plaguing automakers in coming months Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Global chip supply shortages are forcing Toyota Motor Corp. and other carmakers to cut back on production at factories around the world. | KYODO
Kyodo Feb 8, 2021
Automakers around the world will likely be forced to continue production cutbacks in the coming months until a global semiconductor supply shortage can be resolved, industry experts say.
Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. have said they partially halted production at factories around the world due to the chip shortage just as they began recovering from pandemic-forced plant shutdowns.
China Stockpiles Chips, Chip-Making Machines to Resist U.S.
Bloomberg 2/3/2021
(Bloomberg)
China is taking decisive steps to protect itself from a widening U.S. technology ban, with imports of computer chips and the machines that make them surging last year.
Chinese businesses bought almost $32 billion of equipment used to produce computer chips from Japan, South Korea, Taiwan and elsewhere, a 20% jump from 2019, a Bloomberg analysis of official trade data shows.
And with companies like Huawei Technologies Co. stockpiling supplies ahead of U.S. sanctions, imports of computer chips climbed to almost $380 billion making up about 18% of all of China’s imports for the year.