Handset chip designer MediaTek Inc (MediaTek) yesterday said it has submitted an application to the US government for permission to continue supplying chips to Huawei Technologies Co (Huawei) after Washington’s new restrictions on the Chinese telecom giant’s access to US technology take effect next month.
The US Department of Commerce early this month further tightened its grip on Huawei’s access to foreign-made chips developed or produced using US software or technology amid escalating tensions with China.
Almost all suppliers of Huawei will require a license from the department to be able to ship chips to Huawei.
The new curbs are to take effect on Sept. 15 after a 90-day grace period ends.
MediaTek said it “has already applied to the US side based on regulatory rules,” according to a brief company statement yesterday.
The chip supplier reiterated that it would comply with relevant laws and rules on global trade, the statement said.
MediaTek was originally considered a major beneficiary of the export ban on US technology, as Huawei has been increasingly adopting chips designed by MediaTek as substitutes for those designed by its semiconductor arm, HiSilicon Technologies Co (海思), to circumvent the US restrictions.
Last week, MediaTek said in a regulatory filing that the US’ latest rules “should not have a significant impact on the company’s operation in the short term.”
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has said that it has since May 15 stopped taking new orders from Huawei, its second-biggest customer.
TSMC has no plans to ship wafers to Huawei after Sept. 14. TSMC makes chips designed by HiSilicon.
Separately, the Ministry of Economic Affairs (MOEA) yesterday said that it has revised related rules to further prevent the outflow to China of technology developed by local firms.
Local companies, individuals and organizations would require the ministry’s approval to provide or transfer technologies or patents to Chinese entities, the ministry said.
“The ministry is tightening regulations to guard against China’s access to Taiwan’s crucial technologies,” Investment Commission spokesman Su Chi-yen (蘇琪彥) said on the telephone.
The new rules would also include the licensing or transfer of patents relating to layout designs of integrated circuits.
The new rules are to take effect by the end of this year at the earliest, Su said.
The reorganization seeks to enable rapid and effective decisionmaking on the firm’s portfolio, and would take effect next month Saudi Arabian Oil Co (Aramco) on Sunday reshuffled its senior management and created a division focused on “portfolio optimization” as the world’s biggest oil producer adapts to low crude prices and seeks new ways to raise cash.
The Saudi state energy company appointed senior vice president Abdulaziz Al Gudaimi to lead a new corporate development team that would “assess existing assets” and boost access to “growth markets,” it said in a statement.
He would report to chief executive officer Amin Nasser and start on Sept. 13, it said.
“The organization will support rapid and effective decisionmaking on the company’s portfolio,” Aramco said.
While the search giant declined to confirm the reports about its plan to build a new data center in the nation this year Alphabet Inc’s Google is reportedly seekig to buy a plot in Yunlin County to build a new data center, local media reports said yesterday, without citing sources.
Google currently has two data centers already in Asia, one in Singapore and one in Changhua county, Taiwan.
Earlier yesterday, the Chinese-language Economic Daily News cited unnamed county officials as saying that Google had bought a NT$3.64 billion (US$123.33 million) plot at the Yunlin Technology-based Industrial Park (雲林科技工業區).
As of press time last night, Google, the county government and China Man-made Fiber Corp (中國人造纖維), the seller of the property, had not made official
When finance types talk about internal combustion engines, they often just use the abbreviation ICE. It is an appropriate name: Investors have a frosty view of auto companies that depend on gasoline or diesel to power their vehicles.
Volkswagen AG, the world’s biggest automaker by sales, has a market value of 73 billion euros (US$87 billion), or about 6.5 times the earnings it generated last year.
By contrast, Tesla Inc’s all-electric lineup has propelled it to an astonishing US$352 billion valuation, even though its profits are tiny.
Budding Teslas, such as Rivian Automotive Inc and Nikola Corp, have achieved multibillion-dollar valuations
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue this quarter is forecast to increase 21 percent year-on-year, higher than a projected 14 percent growth for the global foundry industry, TrendForce Corp (集邦科技) said yesterday.
TSMC’s revenue is expected to reach US$11.35 billion this quarter, in line with the company’s projection of US$11.2 billion to US$11.5 billion, TrendForce said.
The researcher attributed TSMC’s growth to robust demand for central processing units and graphics processing units made using 7-nanometer and 5-nanometer technology amid high demand for 5G deployment, high-performance computing and work-from-home devices.
TrendForce expects 5-nanometer technology to start contributing to TSMC’s revenue this quarter with
World news – THAT – MediaTek seeks US permit on Huawei – Taipei Times