Almost 60% of the firms expect demand to be lower than normal over the next few months, nearly half said their global supply chain had already been affected by the business shutdown, and about a third of them will consider moving operations out of the country if this continues.
The Trump administration will not change its intelligence sharing policy with the United Kingdom despite contentious disagreements over the UK's recent decision to rely on China's Huawei to help build its next generation of super-fast wireless networks, senior administration officials said Friday.
US hasn't made evidence public but reportedly shared it with UK and Germany.
To wean US companies off the Chinese tech giant
From an investment standpoint, the coronavirus and the subsequent quarantining of Wuhan, China, poses a possible benefit to US memory chip companies like Micron Technology and Western Digital.
The US must address "the complex security and competitiveness challenges that Chinese-directed telecommunication companies pose," says one lawmaker.
HP was awarded $439 million in damages against Quanta Storage and its US subsidiary after a federal judge tripled a jury's 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives.
China on Sunday called off additional tariffs set to kick in on some US goods as the two countries pull back from a trade war that has roiled financial markets and damaged global economies.
The Trump administration has reached a trade deal in principle with China, three sources close to the talks told CNBC.
Trump administration says the tax rules discriminate against US companies.
The Department of Commerce has proposed requiring case-by-case approvals of all purchases of telecommunications equipment in a move likely to hit major Chinese suppliers like Huawei.
ASML, Europe's largest manufacturer of specialized chipmaking machines, has fallen prey to Washington's desire to curb Beijing's technological ascent and delayed shipment of a crucial tool needed to develop China's semiconductor industry.
Nikkei Asian Review
Chinese officials are growing hesitant to pursue a broad trade deal with the U.S. in negotiations set to begin this Thursday, people familiar with the matter told Bloomberg News.
It won't be in much of a rush to bring more production stateside.
The ISM U.S. manufacturing PMI declined to 49.1% in August, the lowest reading in more than three years.
The United States and Poland believe suppliers of 5G network equipment should be rigorously evaluated for foreign government control, a joint declaration signed on Monday said, as Washington pressures allies to exclude China from 5G networks.
Space is "the next war-fighting domain," says the president.
National security concerns could mean trouble for the nearly 8,000 mile long Pacific Light Cable Network, according to The Wall Street Journal.
Trump is expected to drop his threatened wine tariff.
Saudi Arabia's crude shipments to China have doubled in the span of a year. During the same period, its oil exports to the U.S. have dropped by nearly two-thirds.
Japan has $1.12 trillion Treasury securities, and China, $1.11 trillion.
Those tariffs will now be delayed until December 15.
New York Times
Investors are so nervous about the trade war with China that they are frantically scooping up US government bonds and pushing yields sharply lower in the process.
Xilinx said its financial results were hurt by the US government ban against China's Huawei Technologies, and it has asked for permission to resume broader shipments to its Chinese customer.
According to figures from the data research firm Rhodium Group, investment from China hit an all-time high of $46.5 billion in 2016. The following year that amount dropped to $29.7 billion before plummeting to a nine-year low of $5.4 billion in 2018. During that two-year period, investment declined 88 percent.
Samsung has denied that it's making additional investments to increase chip production in the US. Local media reports had suggested that the company was considering this since South Korea's trade row with Japan is threatening its business.
Progress toward a US-China trade deal has stalled while the Trump administration determines how to address Beijing's demands that it ease restrictions on Huawei Technologies, people familiar with the talks said.
Wall Street Journal
US regulators have approved a record US$5 billion fine on Facebook to settle an investigation into data privacy violations, reports in US media say.
The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump's recent effort to ease restrictions on the Chinese company could move forward quickly.
China continues to stress that the US must remove all the tariffs placed on Chinese goods as a condition for reaching a trade deal.
The Chinese government made just 689 requests to Apple to access information about Apple devices, but the requests pertain to a massive 137,595 devices - more than seven times the number of devices in US requests and way over half the worldwide total.
The US government said on Wednesday it was reviewing license requests from US companies seeking to export products to China's Huawei Technologies "under the highest national security scrutiny" since the company is still blacklisted.
Japan tightened controls on exports to South Korea in an unexpected blow to the global technology supply chain that also marks a new low point in relations between the two US allies.
Wall Street Journal
President Donald Trump's decision to allow US companies to continue selling to Huawei followed an extensive lobbying campaign by the US semiconductor industry that argued the ban could hurt America's economic and national security.
Trump said Saturday that "US companies can sell their equipment to Huawei," as long as the transactions won't present a "great, national emergency problem."
FedEx says it's not realistic to screen sealed packages for controlled tech.
FOX Business' Connell McShane talks to China Commerce Ministry senior official Wang Hejun about the trade war and the Chinese economy.
Apple today announced the completion of a major expansion of its Apple authorized service network. With nearly 1,000 Best Buy stores across the US now providing expert service and repairs for Apple products, customers have even easier and more convenient access to safe and reliable repairs.
Huawei Technologies is pinning its hopes on a self-designed operating system to replace Google's Android following a US blacklisting.
Wall Street Journal
ARM instructed employees to halt "all active contracts, support entitlements, and any pending engagements" with Huawei and its subsidiaries to comply with a recent US trade clampdown.