Displaying items by tag: Wilbur Ross

The United States has banned the downloading of TikTok and WeChat by residents, claiming this would be a threat to the country's national security.

The US Semiconductor Industry Association, a lobby group for the industry, says new export control rule changes introduced by the US Commerce Department on Monday will bring "significant disruption" to the industry.

American companies have been given permission to work with Chinese telecommunications equipment vendor Huawei Technologies when it comes to setting standards for the telecommunications sector.

The US Government has finalised new export restrictions to prevent China from buying technology that can be used to develop weapons, military aircraft or surveillance technology, through civilian supply chains or under the pretense of civilian use.

Chinese telecommunications equipment vendor Huawei Technologies had been granted another 90-day extension to work with American firms, giving the Shenzhen-based company until 16 February 2020 to work with US companies.

The US Department of Commerce says it will issue licences to Chinese telecommunications equipment vendor Huawei Technologies for buying American products "where there is no threat to US national security".

The US has placed Chinese telecommunications equipment vendor Huawei Technologies and 68 of its affiliates on a list that means it will have to obtain government approval in order to buy American-made components.

The United States has agreed to a deal which will put Chinese telecommunications company ZTE Corporation back in business in the country, with the company agreeing to pay a US$1 billion fine and overhaul its leadership in order to lift a ban on doing business with American suppliers.

The United States and China are closing in on a deal that would lift an export ban on Chinese telecommunications company ZTE Corporation.

US President Donald Trump has defended his decision to change policy on the ban imposed on the Chinese telecommunications company ZTE Corporation, tweeting on Monday that it buys a big percentage of parts from US companies.