Huawei

Xilinx Inc (NASDAQ: XLNX) stocks soared in the after-hours session as the California-based chip manufacturer updated its financial guidance for the first quarter of FY 2021.  What Happened Xilinx's revenue for the first quarter of FY 2021 was revised upwards between $720 million and $734...

The United States Commerce Department has cleared the way for U.S. companies to work with Huawei in the development of standards for upcoming 5G networks. What Happened On Monday, Wilbur Ross, the secretary of commerce, announced a new rule allowing U.S. companies to contribute to 5G...

Huawei’s CFO, Meng Wanzhou, facing bank fraud charges in the United States, suffered a setback in Canadian courts Wednesday, when a judge agreed that the case met the standards of double criminality. What Happened In January, the court in Vancouver, British Columbia, started the hearings...

The Trump administration is blocking shipments of semiconductors to Huawei Technologies from global chipmakers on Friday, according to Reuters, citing the U.S. Commerce Department. The Commerce Department has said it is amending an export rule to “strategically target Huawei’s...

The coronavirus pandemic has had an impact on the smartphone market, as reflected by the 11.7% year-over-year decline in overall shipments in the first quarter, according to the International Data Corporation. Tech giant Apple Inc. (NASDAQ: AAPL), though not immune to the downturn, largely...

Apple Inc.'s (NASDAQ: AAPL) share of the smartphone market in China increased to 8.5% in the first quarter, a report from research firm Canalys said Friday. What Happened This compares with a 7.3% market share that Apple accounted for in the first quarter of 2019, Canalys said, as first...

Huawei has announced the release of the flagship phone, but the launch comes at a time when many countries are imposing lockdowns, or asking for voluntary social distancing due to COVID-19. What Happened Huawei’s P40 Pro Plus will be released on April 7, the company announced on Thursday...

The Commerce Department's Bureau of Industry and Security (BIS) will announce in a Federal Register notice on Thursday that it will extend a temporary general license for certain U.S. exports to Chinese telecommunications equipment manufacturer Huawei Technologies Co. Ltd. and 114 overseas...

U.S. Companies can continue doing business with Huawei until mid-may as Huawei’s temporary license has been extended. What Happened The U.S. Commerce Department added Huawei to an economic blacklist in May 2019 on national security grounds. Since then, Huawei has been granted a series of...

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) owned Google warned on Friday that sideloaded Google apps such as Gmail or YouTube will not work reliably on new Huawei phones and may pose security threats. What Happened Google noted that the U.S. government had put Huawei on its Entity List, and it...

Huawei Technologies Ltd.'s appeal against a United States law that restricted its ability to do business in the country was rejected by a federal judge on Tuesday, Reuters reported. What Happened The judge ruled that the U.S. Congress acted within its constitutional powers when it included the...

The U.S. is planning to implement changes into the law that would block the access of Huawei and other Chinese firms to American chip technology. What Happened High-level meetings, set to be held this week or the following one, will discuss measures aimed at curbing...

The U.S. Defense Department on Friday reversed its decision to restrain a Commerce Department proposal to reduce the licensable U.S. content in exports to Huawei Technologies Co. Ltd., according to The Wall Street Journal. Currently, for exports to the Chinese telecom, a foreign-made product is...

A U.S. indictment against Huawei Technologies Co. Ltd., which was released in a New York federal court this week, takes aim at the Chinese telecom's alleged U.S. sanctions-violating activities in North Korea and Iran. According to the 56-page indictment, Huawei violated the International Emergency...

Chinese telecommunications giant Huawei Technologies Ltd. has been charged with conspiracy for racketeering and stealing trade secrets in the United States. What Happened The Department of Justice announced Thursday that a 16-count superseding indictment was returned by the US District Court for...