Franco-Italian chipmaker STMicroelectronics said the U.S.-China trade war and a near-embargo on Huawei, one of its biggest clients, would slow growth and affect profitability even if demand rebounds after a COVID-afflicted year.

Including an 'Highur alert' feature

Exclusive: License to bypass ban brightens outlook for delayed IPO

The U.K. said in July that carriers would have to stop buying Huawei 5G equipment by year-end and strip out its kit from their infrastructure by 2027.

Britain's telecoms companies could be fined up to 10% of turnover or 100,000 pounds ($133,140) a day if they contravene a ban on using equipment made by China's Huawei Technologies Co Ltd under a new law put forward on Tuesday.

Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up U.S. sanctions hobbled Huawei's supply chains, industry insiders say.

The Shenzhen-based company filed 8,607 wireless patents in the January to October period

A key witness involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago has decided not to testify in the Canadian court as part of Meng's ongoing witness cross-examination, the court heard on Monday.

Huawei is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers in a bid to keep it alive, the company and the consortium said on Tuesday.

Qualcomm on Friday received a license from the U.S. government to sell 4G mobile phone chips to China's Huawei, an exemption to U.S. trade restrictions imposed amid rising tensions with China.

Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.

SK Hynix, the world's No.2 memory chip maker, said it expected inventory build-up by Huawei's competitors in China to boost mobile demand in the current quarter, but its mainstay server demand would remain week.

It wouldn't help the company's phone business, however.

China's Omnivision also gets permit but smartphone maker's supply woes not over

Samsung Electronics' display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei, a source familiar with the matter told Reuters on Tuesday.

Huawei Chief Financial Officer Meng Wanzhou arrived at a Canada courtroom on Monday for the first of five days of witness testimony, the latest round of hearings as Canada seeks to extradite her to the United States on charges of bank fraud.

For the first nine months of the year, revenue totaled 671.3 billion yuan ($98.57 billion), up 9.9% from the 610.8 billion yuan reported in the same period last year.

China is unlikely to grant its unconditional blessing

Move follows security services warning on spying and technology theft by China

Apple's iPhone 12 launch drew mixed reactions in mainland China on Wednesday, with fans cheering a 5G model for their favourite brand while others planned to wait for upcoming devices from local rivals like Huawei Technologies.

Chinese telecom giant Huawei is finding it harder to counter U.S. sanctions designed to choke off its access to semiconductors but can continue to serve European 5G network clients, a senior European executive told an Austrian newspaper.

Orange and Proximus have picked Nokia to help build 5G networks in Belgium as they drop Huawei amid U.S. pressure to exclude the Chinese firm from supplying key telecoms equipment.

Sony and chipmaker Kioxia are seeking US approval to export semiconductors to Huawei Technologies despite Washington's imposition of sanctions on the Chinese telecom giant, sources familiar with the situation said Monday.

Japan's Sony and memory chipmaker Kioxia have applied for U.S. approval to continue supplying Huawei, Nikkei reported on Sunday.

Huawei has failed to adequately tackle security flaws in equipment used in the UK's telecoms networks despite previous complaints, an official report says.

Telecoms company Huawei is part of China's surveillance state, complicit in human rights abuses, a senior U.S. official said on Tuesday, as Washington renewed pressure on Europe to ban the company from fifth-generation (5G) networks.

Micron has not yet obtained new licenses needed to sell its memory chips to China's Huawei, which will cut its sales over the next two quarters, company executives said on Tuesday.

Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world's largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States.

Huawei said that Qualcomm has applied for a license to sell it chips and the Chinese giant will use them in smartphones if permission is granted by the U.S. government.

Chinese telecom giant Huawei Technologies said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally.

Intel Corp has received licences from U.S. authorities to continue supplying certain products to Huawei Technologies, a company spokesman said on Tuesday.

The Australian operation of Chinese telecommunications equipment maker Huawei Technologies said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.

Kioxia Holdings, the world's second-largest maker of flash memory chips, warned on Thursday that tighter U.S. restrictions on Huawei could cause memory chip oversupply and drive down market prices.

Chinese consumers are rushing to buy smartphones from Huawei featuring its high-end Kirin chips, fearing curbs on the firm's access to U.S. technology will soon cut off production of its premium handsets.

SMIC has asked for approval from the United States to continue supplying Huawei, state media outlet Beijing News reported on Tuesday, citing the company.

South Korean chip exports to China are feared to take a hit from U.S. sanctions on Chinese telecom giant Huawei due to their heavy dependence on the neighboring country, sources said Tuesday.

Canada is signaling it might not compensate major telecommunications providers if the federal government bans equipment made by China's Huawei from 5G networks, setting up a potential fight over a bill that could hit C$1 billion ($758 million).

Huawei is a major buyer of OLED panels for Samsung Display.

Huawei launched the second version of its HarmonyOS operating system on Thursday.

U.S. rural telecommunications networks, which have relied on inexpensive network equipment from China's Huawei and ZTE, have told the government that it would cost $1.837 billion to replace those switches and routers, the Federal Communications Commission said on Friday.