CybserSecurity News

Tag: United States

  • SMIC seems to be hoarding goods in response to the ban in the United States

    According to Bloomberg reports, SMIC is currently accelerating the procurement of various key equipment and parts, and it seems that it is hoarding goods in response to the regulatory requirements of the US Department of Commerce.

    It is worth noting that when documents from the Bureau of Industry and Security of the US Department of Commerce were circulating on the Internet, SMIC denied that it was blocked because the company had not received notification.

    However, it was at this time that SMIC started to accelerate the procurement of materials, including key equipment in the semiconductor field and various replacement parts and even raw materials.

    Although it did not last long for SMIC to confirm that it was indeed blocked, SMIC’s suppliers have now received the US Department of Commerce’s request for export restrictions.

    SMIC supply Huawei

    According to media reports, the scale of SMIC’s procurement from upstream supply chain companies such as the United States, Europe, and Japan has exceeded the material demand for the entire year of 2020.

    The key equipment purchased includes key equipment and test machines in the field of chip manufacturing such as etching, lithography, and wafer cleaning agents, as well as a large number of daily consumables.

    The purchase of these materials exceeds the demand for one year of use. Of course, it seems that it is necessary to stock up in advance because it is not convenient to purchase in the future.

    At present, if US companies want to continue to supply SMIC, they need to apply for a license from the US Department of Commerce. Of course, most applications may be approved.

    This means that a large number of key equipment and raw materials in the chip manufacturing field can no longer be exported to SMIC, which will have a negative impact on the entire supply chain.

  • The United States announced a 25% tariff on French goods

    Digital tax is a new tax policy formulated by many countries and regions in recent years to deal with the problem of excessively low tax payments by large multinational technology companies.

    The large multinational technology companies here mainly refer to American technology giants, such as Facebook, Amazon, Google, Apple, etc.

    These technology giants are thought to make amazing profits from various markets around the world, but the general taxes paid locally and the economic contribution generated are very, very low.

    ban Huawei equipment

    To this end, countries such as India, France, and Italy have already established digital taxes, which has led the US government, led by Trump, to feel that its interests have been harmed.

    The digital tax controversy has now risen to tariff barriers, because of the digital tax issue, the US government and the US Trade Representative Office are launching tariff retaliatory measures.

    In previous negotiations, the French government believed that a digital tax increase was necessary because these giants would only plunder economic gains.

    So even after the US government has repeatedly emphasized that retaliation may be ushered in if a digital tax is imposed, the French government still firmly implements the digital tax but has not yet begun.

    Recently, the Office of the United States Trade Representative has drawn up a list to impose a 25% tariff on French products worth US$1.3 billion, which is actually revenge on the French digital tax. Of course, the US government still seems to want to continue the negotiations and does not want to make things bigger.

    However, France and other countries have complained about the multinational technology companies’ grievances, so the digital tax is also a heavy burden. It is estimated that the tax will not be abandoned even if it is retaliated.

    Via: NYTimes

  • Cybersecurity expert said that: the United States targets Huawei, just a trade politics

    Dave Palmer, Darktrace’s director of technology, pointed out that the US’s deliberate attempt to pick out China’s Huawei Technologies Co., Ltd. on national security issues is purely for trade and political purposes. Palmer thinks the accusation is a bit absurd. “Maybe if you’re in the military and you’re building a missile, for instance, you want to… make sure you have full assurance of your supply chain.”

    Huawei ban
    “” by f999999_key is licensed under CC CC0 1.0

    He continued, “But for consumer technology, we operate in a joined-up way with companies all over the world. Given how interconnected the supply chain is, even if an individual country like the US shuns Huawei, the company’s technology is bound to exist at some point in the ecosystem.”

    The US believes that Huawei has the ability to monitor customers, and for this reason, it is actively lobbying its allies to exclude Huawei from their respective 5G networks. “Why would it be OK for a smartphone or a laptop to be made in China but not the 5G equipment?” Mr. Palmer said.

    Source: straitstimes