Taiwan adds China's Huawei and SMIC
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Taiwan has placed export controls on Chinese companies Huawei, and SMIC, making it difficult for them to access resources required for building AI chips
Taiwan has added China's Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S. trade policy and comes amid tensions with Beijing.
June 16 (UPI) -- China's tech company Huawei and SMIC, a contract chip manufacturer, have been added to Taiwan's trade blacklist. Taiwan put both of these companies on its strategic high-tech commodities entry list. Huawei and SMIC will now need to get export permits from suppliers in Taiwan to receive manufactured goods.
Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects, instead of expanding to new markets in Asia, a senior company official told Reuters on Monday.
Taiwan has officially placed two of China’s most prominent technology firms, Huawei and Semiconductor Manufacturing International Corporation (SMIC) on its strategic export control list.
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We recently published a list of Jim Cramer Wants US To Be “As Good As” Europe & Discusses These 12 Stocks. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other stocks that Jim Cramer discusses.