The progress made by a relatively new Chinese chipmaker, called ChangXin Memory Technologies, could help ease the pain caused by increasingly wide-ranging US restrictions against China’s tech companies.
US President Donald Trump has already effectively banned Huawei from doing business in the country, which has led to American companies to shun the Chinese telecommunications and smartphones giant. And in the latest move, as reported by the Wall Street Journal, the Trump administration has introduced new rules prohibiting non-US companies from selling any chips made using American technology to Huawei “without a special license”.
Huawei has found it difficult to source chips and other components for its equipment, for which, in turn, the company has found fewer buyers. [Read more…] about New Chinese chipmaker’s progress could ease pain of US restrictions