U.S. lawmakers push for blacklisting China’s Huawei, SMIC

A group of senior U.S. House Republicans, including chairs of various committees, has called on the Biden administration to take a tougher stance on Huawei and China’s leading semiconductor firm, Semiconductor Manufacturing International Corp (SMIC). This move comes after reports indicated that Huawei has developed an advanced smartphone.

The lawmakers have urged the Commerce Department to stop granting licenses to Chinese government-controlled companies like SMIC. They have called for additional pressure and more effective export controls on U.S. adversaries.

In their letter, the lawmakers have called on the administration to “strategically bar the import of SMIC-produced semiconductors, particularly those that pose risks to national security, into the United States.” They also called for the administration to “pursue criminal charges against executives from SMIC and Huawei.”

Huawei and SMIC have not yet responded to these requests.

The Commerce Department, which is responsible for handling such matters, has not provided immediate comments on this letter but did mention recently that it’s working to obtain more information about the chip in question.

Huawei was added to a trade blacklist in 2019 due to national security concerns, while SMIC was added to the entity list in 2020 over concerns about technology diversion to military users. Despite being on these trade lists, some suppliers have received licenses worth billions of dollars to sell U.S. technology to these companies.

The House letter also requested that the Commerce Department “revoke all existing licenses for SMIC and Huawei.”

The ongoing concerns about these Chinese companies reflect broader tensions in the tech and trade relationship between the U.S. and China.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Beijing launches massive debt reduction scheme

China’s recent announcement of a substantial 6 trillion yuan ($840 billion) allocation to tackle hidden local government debt signals a more aggressive approach to address its rising debt crisis. This plan, spanning through 2026, allows approximately 2 trillion yuan annually to reduce hidden debt, along with a yearly issuance of 800 billion…

Fuel prices in Brazil is expected to rise as new tax credit rules take effect immediately

Brazil’s government has introduced new tax credit rules that are anticipated to lead to increased gasoline and diesel prices, according to an energy lobby. The impact on fuel distributors is estimated to reach 10 billion reais ($1.86 billion). President Luiz Inacio Lula da Silva recently published an executive order concerning the…

US oil and gas M&A activity soars 57% in 2023 as industry focuses on consolidation

Dealmaking in the oil and gas industry surged by 57% in 2023 as companies ramped up spending on mergers and acquisitions (M&A) and exploration, driven by higher cash flows from previous years’ profits. Top energy firms spent $49.2 billion on M&A activities, a significant increase from $31.4 billion in 2022. This rise was…

Stay informed

error: Content is protected !!