Trending

Stories

Huawei Chinese multinational technology company blames the US for global chip shortage

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Huawei on Tuesday blamed the US for a global chip shortage as it called for cooperation with South Korea, Japan and Europe to form a new semiconductor supply chain.

The move came hours after US President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, Yonhap news agency reported.

Also Read

A recent shortage of semiconductors has stalled production across manufacturing industries, especially in the auto sector.

Karl Song, Huawei’s Vice President of Corporate Communications, called for the lifting of US sanctions, which the Chinese network equipment maker claimed has led to the recent chip crisis.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Currently, the Chinese telecom equipment giant is being cut off from semiconductors made with US equipment, software and designs due to US sanctions over national security concerns.

“The current global chipset shortage is due to the sanctions (Huawei) faces and its impact on the companies that we cooperate with,” Song said in a press conference.

“We hope to cooperate with advanced semiconductor countries, such as South Korea, Japan and Europe, to form a global supply chain again,” he said.

Eric Xu, Huawei’s Rotating Chairman, said on Monday that US sanctions against the company have hurt the broader semiconductor industry as they have created supply uncertainties.

The US has long alleged that Huawei’s equipment is used to spy on foreign networks, a claim repeatedly rejected by the Chinese company.

The US sanctions have hurt the Chinese tech giant, which requires semiconductors for its telecom equipment and electronic devices.

Huawei said it still plans to further strengthen its presence in South Korea by collaborating with South Korean companies, adding that it has made purchases worth $37 billion from South Korea over the past five years.

LG Uplus, the smallest of South Korea’s three major mobile carriers, currently uses equipment manufactured by Huawei for its 5G network.

In Washington, Biden said on Monday that the US will increase its investment in infrastructure to protect its supply chains, including the supply chain of semiconductors.

His remarks came in a meeting with the top executive officers of 19 global firms, including South Korea’s tech giant Samsung Electronics, to discuss ways to address the ongoing shortage of semiconductors.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors