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US approval of export permits to Huawei, SMIC suppliers shows challenges in decoupling from China | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

The US government’s decision to issue US$100 billion worth of export permits to suppliers of Huawei Technologies Co and China’s top chip maker Semiconductor Manufacturing International Corporation (SMIC) – both on the US trade blacklist – shows how difficult it is for the world’s two largest economies to decouple, analysts said. From November 2020 to April 2021, US suppliers received 113 export licences worth US$61 billion to sell to Shenzhen-based telecommunications giant Huawei, as well as 188 licences worth US$42 billion to sell to Shanghai-based SMIC, according to a Reuters report on Thursday, citing documents obtained from the US Congress….

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