Tag: export

China chip giant SMIC shares dive on US export controls

Shares in China’s biggest chip maker tumbled Monday on reports that Washington had imposed export controls on the company, the latest salvo in the battle for technological dominance over Beijing.

In a new blow for China’s advanced tech ambitions, the US Commerce Department reportedly ordered companies to seek permission before selling equipment to Semiconductor Manufacturing International Corp (SMIC).

Equipment sold to the Chinese company posed an “unacceptable risk” of being diverted to “military end use”, according to a letter sent to major US computer chip firms that was seen by The Wall Street Journal and the Financial Times.

News of the letter, which was first reported Saturday, sent SMIC’s Hong Kong-listed shares plunging as much as 7.9 percent to a four-month low Monday morning, extending a 25 percent loss for the month as investors fretted it would soon be targeted for sanctions by Washington. It later recovered some losses to

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SMIC’s Hong Kong shares tumble after U.S. tightens export restrictions

FILE PHOTO: Chinese and U.S. flags flutter near the Bund in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo

HONG KONG (Reuters) – Hong Kong-listed shares of Semiconductor Manufacturing International Corp fell more than 7% on Monday after the United States imposed restrictions on exports to China’s biggest chip maker, citing a risk of military use.

SMIC’s shares fell as much as 7.9% to HK$17.12 ($2.21), the lowest since May 29, and were last down 6.7%.

The company said it had not received any official notice of the restrictions and added it has no ties with the Chinese military.

Suppliers of certain equipment to SMIC will now have to apply for individual export licenses, according to a letter from the U.S. Commerce Department dated Friday and seen by Reuters.

Earlier this year SMIC raised $6.6 billion in a secondary listing on Shanghai’s tech-centric STAR market.

The company said it intended

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TikTok applies for Chinese license to export technology

Sept. 24 (UPI) — TikTok’s parent company, ByteDance, requested permission from Beijing to export its technology, as the company’s executives work furiously to push through a deal with Oracle and Walmart before a November deadline.

The Chinese social media platform is making the move as SoftBank’s Masayoshi Son is expected to join the TikTok Global board, according to Fox Business.

Time is running out for TikTok if it wants to avert a shutdown in the United States. ByteDance’s application for an export license was submitted Thursday, the company said, according to CNBC and The Wall Street Journal.

ByteDance is complying with new Chinese regulations that restrict the export of technologies for “recommendation of personalized information services based on data analysis,” according to reports.

The regulations went into effect in August, as tensions grew with the United States over the status of Chinese tech firms. U.S. President Donald Trump ordered the

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ByteDance Files for China Approval to Export TikTok Tech

(Bloomberg) — ByteDance Ltd., the Chinese parent of video app TikTok, submitted an application in Beijing for permission to export technology, as it tries to work out an agreement with the Trump administration that will avoid a U.S. ban on the service.



a hand holding a cell phone: The logo for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.


© Bloomberg
The logo for ByteDance Ltd.’s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.

The company said it filed the request with the city’s commerce bureau after China tightened restrictions on the export of certain technologies, including those used in TikTok. A spokesman for the commerce ministry acknowledged the filing Thursday, saying it’ll be assessed “in accordance with the relevant rules

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ByteDance asks China for approval to export TikTok technology: report

TikTok’s parent company ByteDance has sought permission from the Chinese government to export technology, Bloomberg reported Wednesday.

ByteDance filed a request with the Beijing Municipal Commerce Bureau asking for approval to export its technology under restrictions recently implemented by the Chinese government, according to Bloomberg.

ByteDance, TikTok, and the Commerce Bureau did not respond to requests for comment.

In August, China expanded its list of “forbidden and restricted technology exports” to include “personalized information recommendation services based on data analysis” — such as the algorithm that powers TikTok. That move threw a wrench in the TikTok deal by requiring the company to obtain a license from the government, effectively giving Beijing veto power over a deal.

Following the announcement of the new rules, ByteDance reportedly considered bypassing that hurdle by selling TikTok without handing over its source code, but Bloomberg’s report Wednesday suggests the company wants the algorithm to be

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ByteDance applies for tech export licence in China amid TikTok deal talks

By Brenda Goh



Illustration picture of Bytedance logo with Chinese and U.S. flags


© Reuters/FLORENCE LO
Illustration picture of Bytedance logo with Chinese and U.S. flags

SHANGHAI (Reuters) – ByteDance has applied for a tech export licence in China as it races to seal a deal with Oracle Corp and Walmart Inc that it hopes will end U.S. government plans to ban its TikTok video-streaming app on security grounds.

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The Beijing-based firm submitted the application to Beijing’s municipal commerce bureau and is awaiting a decision, it said in a statement on its Toutiao online news platform on Thursday, without referring to ongoing talks over its U.S. operations.

The application comes about a month after China revised its list of technologies subject to export bans or restriction for the first time in 12 years, in a manner which experts said gave the government a say over any TikTok deal.

ByteDance has said its deal with Oracle and Walmart will

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South Korea government, Samsung team up after Japan’s export curbs on chip material

A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019.

Jean Chung | Bloomberg | Getty Images

When the South Korea government unveiled an expanded semiconductor material testing facility last month, the centerpiece was a towering white machine given by Samsung Electronics at a fraction of its market price.

The facility, aimed at motivating local suppliers to make and test sophisticated chipmaking materials like photoresist, comes as South Korea pushes for self-sufficiency after Japan last year imposed export curbs on high-tech chip materials.

While industry sources warn Korea has a long way to go to achieve this, the need for self-reliance in chip technology has become more critical with the outbreak of the coronavirus pandemic and U.S.-China tensions threatening to accelerate supply chain shifts.

Large chip-making companies like Samsung would previously source the best components at the cheapest

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IBM says U.S. should adopt new export controls on facial recognition systems

By David Shepardson

WASHINGTON (Reuters) – IBM Corp said on Friday the U.S. Commerce Department should adopt new controls to limit the export of facial recognition systems to repressive regimes that can be used to commit human rights violations.

The company said in a statement the United States should institute new export limits on “the type of facial recognition system most likely to be used in mass surveillance systems, racial profiling or other human rights violations.”

In July, the Commerce Department had sought public comments on whether to adopt new export license requirements for facial recognition software and other biometric systems used in surveillance. Comments are due by Sept. 15.

Christopher Padilla, IBM’s vice president for government and regulatory affairs, told Reuters the U.S. government should focus on “one to many” systems that could be used to pick dissidents out of a crowd or for mass surveillance, rather than “facial

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Export Maker Space will feature a blend of old-school, modern technology

If someone in Export has a good idea for a project, Tom Spears wants to give them the tools to make it happen.

“We want to hit all the ‘maker’ markets,” said Spears, who will open the Export Maker Space on Kennedy Avenue in the fall.

Spears has taken the former home of International Motorcars of Pittsburgh and replaced the BMWs and Mercedes with table saws and tool benches.

“My day job is a lot of staring at computers and sending emails,” said Spears, who works as an electrical engineering manager for Westinghouse. “But I work on projects all the time, and I’ve been steadily collecting equipment.”

When W.A. Hoy Construction put the space up for rental, Spears knew he’d found a spot.

“It’s perfect,” he said. “We have the bike

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China’s expanded export controls pose fresh challenge to global tech industry

SHANGHAI (Reuters) – The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations, legal experts said.

FILE PHOTO: China’s flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. REUTERS/Florence Lo/Illustration/File Photo

The new list of technologies under export controls announced on Aug. 28 came as an unwelcome surprise to an industry already grappling with the uncertainty posed by trade tensions between China and the United States.

The move was initially seen as a means of giving Beijing a say in any sale of video app TikTok, but advisers to Chinese and foreign firms say the potential consequences go much further.

“The rules were a surprise to many in the market, and there is a lot of tension in the tech

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