Connect with us

News

Huawei blames US for chip shortage

Published

on

Huawei Technologies yesterday blamed the US for the crisis that shook the global tech industry. According to the Chinese manufacturer of telecommunications equipment, the global shortage of microcircuits was caused by Washington’s sanctions against Chinese companies, which provoked “panic purchases” of semiconductor products and other components.

“Due to the US sanctions against Huawei, we have witnessed a panic buildup of reserves by global companies, especially Chinese ones. In the past, companies accumulated almost no inventory, but now they are accumulating reserves for three or six months … and this led to the disruption of the entire system, “said Eric Xu, Chairman of the Board of Huawei.

“It is clear that the unjustified US sanctions against Huawei and others [Chinese] companies create supply shortages throughout the industry, and this could even provoke a new global economic crisis, ”he added.

According to the chairman, the US trade restrictions on Huawei have not only undermined the company’s operations, but also destroyed the trust that existed in the global semiconductor supply chain. Now more and more countries are seeking to acquire their own chip production instead of relying on overseas supplies. This will require at least $ 1 trillion in upfront investment, which will drive up semiconductor prices by 35-65% and ultimately increase the cost of electronic devices to end users. The US Semiconductor Industry Association warned the administration of the President of the United States about this.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

Latest News

News3 hours ago

Users will be able to replace switches in the Epomaker AK84S mechanical keyboard

A fundraising campaign for the Epomaker AK84S 84-key wireless mechanical keyboards has been organized on Kickstarter. A feature of this...

News4 hours ago

Microphone SPC Gear SM950 Onyx White addressed to streamers

SilentiumPC has introduced SPC Gear for those who are fond of streaming. The SPC Gear SM950 Onyx White microphone is...

Components4 hours ago

Roccat Kone Pro and Kone Pro Air gaming mice are on sale

Turtle Beach has announced the launch of the Roccat Kone Pro and Kone Pro Air gaming mice. The buttons on...

News8 hours ago

Bill Gates lost his seat on the board of directors of Microsoft due to an intimate relationship with an employee of the company

According to The Wall Street Journal, Microsoft’s board members decided last year that Bill Gates, the company’s co-founder and former...

Phones9 hours ago

The global version of the popular smartphone Redmi Note 9 has fallen in price

The global version of the popular Redmi Note 9 smartphone is available on AliExpress for just $ 144. Redmi Note...

News9 hours ago

Developing Countries Fight To Buy Huawei Data Centers Despite US Espionage Warnings

Since 2006, many developing countries have signed agreements with Huawei to provide data centers and cloud infrastructure. A study by...

Phones9 hours ago

Honor revealed details about the new smartphone before the announcement

Honor has officially announced that the new flagship smartphone Honor Play 5 will be equipped with a 6.53-inch OLED screen....

News10 hours ago

It’s not like Apple. The company introduced a “new generation of sound” at no additional cost

Apple today announced Spatial Audio with Dolby Atmos support, coming to Apple Music. The soundtrack is multidimensional and therefore more...

Advertisement

Most Popular