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SK Hynix Isn't Sure How Its Chips Got in Huawei's New Phone

SK Hynix Isn't Sure How Its Chips Got in Huawei's New Phone
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Holding Foreign Companies Accountable Act could delist some Chinese companies from U.S. markets


Chinese companies have refused to provide audit reports in the past, claiming their audits are conducted by non-U.S. public accounting firms and cannot be shared with American regulators.
Administration officials familiar with the legislation said several senior officials opposed the new law and urged Mr. Trump to veto the bill, arguing that keeping Chinese companies inside U.S. markets could prevent them from investing in other foreign markets.
One of those who opposed enacting the legislation was Treasury Secretary Steven T. Mnuchin, a former Goldman Sachs investment banker.
Two officials said Mr. Mnuchin has been a frequent critic of Mr. Trump’s hardline policies toward China and in the past has sought to soften new policies toward Beijing over concerns they would upset trade and financial relations. ....

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