Asia: Huawei supplier stock price fall: US reports that license revoked
-Revoked suppliers include Intel-
January 18, 2021
US Department of Commerce
Notified some suppliers of Huawei of China about the cancellation of the parts sales license for the company.
Reuters reported quoting multiple sources.
Huawei Supplier License Revocation:
Existing suppliers whose licenses have been revoked include Intel.
Email received by Reuters:
The US Department of Commerce also said it would reject “many of Huawei’s export license applications.”
Supplier stock price decline:
In response to this report
In the stock market on January 18th
Samsung Electronics, Tokyo Electron, Advantest, Lasertec, etc.
Stock prices of Asian semiconductor companies and Huawei suppliers have fallen.
Bloomberg
https://www.bloomberg.co.jp/news/articles/2021-01-17/QN3I7RT0G1KW01
Trump administration: Blacklisted 11 Chinese companies including Xiaomi
January 15, 2021
Pentagon: 9 companies including small rice added to the list of companies related to the Chinese People’s Liberation Army
Ministry of Commerce: Includes China Marine Oil and Skyrizon
Trump administration:
-Blacklist 9 companies including Xiaomi-
On January 14, nine companies, including smartphone maker Xiaomi, were added to the blacklist for ties to the PLA.
Department of Defense:
Nine companies, including Xiaomi and the state-owned aircraft manufacturer Comac, have been added to the blacklist.
COMAC is the cornerstone of China’s goal of developing an aircraft that is on par with Boeing and Airbus.
Embargo on CNOOC:
The China Marine Oil Group (CNOOC), which has been involved in offshore drilling in the disputed waters of the South China Sea, will be banned.
Bloomberg
https://www.bloomberg.co.jp/news/articles/2021-01-15/QMXX3XT0AFBL01