Trump’s Orders Ban U.S. Transactions With TikTok, WeChat

The Trump administration released two executive orders late last week barring transactions with WeChat and TikTok “by any person or involving any property subject to the jurisdiction of the United States.” The orders go into effect in 45 days, essentially creating a deadline for Microsoft to complete its deal to acquire the Chinese app TikTok by September 15. As he has in the past, President Donald Trump accused Tencent’s WeChat and ByteDance’s TikTok of funneling U.S. consumers’ data to the Chinese Communist Party. Continue reading Trump’s Orders Ban U.S. Transactions With TikTok, WeChat

FCC Formally Names Huawei, ZTE National Security Threats

The Federal Communications Commission has officially designated Huawei Technologies and ZTE, two Chinese telecommunication firms, as national security threats. Last year, the FCC voted to add both companies to the Entity List and barred them from using U.S.-manufactured semiconductors. Now, U.S. carriers cannot use the Universal Service Fund to purchase or maintain products from the two companies. The Fund, managed by the FCC, is an $8.3 billion government subsidy program to expand Internet access in rural and other underserved areas.

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Huawei Holds the Most 5G Patents, But Still Needs U.S. Tech

In May, the U.S. Commerce Department banned the sale of any semiconductors made with U.S. software to China’s 5G behemoth Huawei Technologies. Now, that company’s stockpile of chips essential to its telecom business is dwindling, likely to run out by early 2021. According to sources, Huawei executives have yet to come up with a solution and, without one, the U.S. move is on track to disrupt China’s $500 billion 5G rollout. In the long-run, it could also sideline that country’s goal of dominating 5G globally

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Foreign Investment Law Does Not Deter Chinese Investing

The U.S. has yet to define the specifics of a 2018 law designed to limit foreign access to critical technologies. In the meantime, Chinese investors continue to put money in U.S. startups and venture capital funds. U.S. tech entrepreneurs also welcome a connection with China, and investment between the two countries remains significant. The tangle of investments in a single company can make it hard to determine provenance. Even so, successful Chinese AI startup SenseTime Group was blacklisted by the Trump administration. Continue reading Foreign Investment Law Does Not Deter Chinese Investing