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U.S. Sanctions Turn up Heat but Huawei Serving European 5G Clients, Executive Says | Top News

ZURICH (Reuters) – 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.

The world’s biggest maker of mobile telecommunications equipment and smartphones was still “looking for a solution” to help millions of Huawei phone users after Google

was banned from providing technical support for new Huawei phone models using mobile operating system Android.

“Since the U.S. sanctions last year, U.S. manufacturers of semiconductors are no longer allowed to supply us so our previous U.S. partners can no longer work with us. Since August it has become even more difficult,” Abraham Liu, Huwaei’s vice-president for Europe, told the Kurier paper.

He said Washington was “blackmailing” chipmakers into shunning ties with Huawei, which denies U.S. allegations that Huawei equipment could be used by Beijing

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Huawei tweets it will debut its Mate 40 devices on October 22nd

Huawei has tweeted that it will reveal its Mate 40 series on October 22nd, likely the last of its phones to have Kirin chips— at least for the foreseeable future— due to the ongoing economic pressure from the US.

Richard Yu, CEO of Huawei’s consumer business unit, said at a conference August 7th that “this year may be the last generation of Huawei Kirin high-end chips.” The US has accused Huawei of building backdoors into network infrastructure, ostensibly to aid Chinese government spying efforts. Huawei has denied the Trump administration’s accusations of spying.

But the Trump administration placed Huawei and 114 of its affiliates on its Entity List in May 2019, which meant US firms were unable to sell technology to the company without explicit US government approval.

It also meant Google was barred from doing business with Huawei, preventing Huawei from obtaining an Android license, and keeping Google apps

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Samsung earnings soar on smartphone sales rebound, US sanctions on Huawei

Samsung predicts its profit jumped nearly 60% last quarter, suggesting it could soon retake its position as the world’s top smartphone seller from embattled Chinese rival Huawei.



a person standing in front of a mirror: A man wearing a protective mask walks past an advertisement for the Samsung Electronics Co. Galaxy Z Fold2 5G and Z Flip 5G smartphones at the company's D'light flagship store in Seoul, South Korea, on Tuesday, Oct. 6, 2020. Photographer: SeongJoon Cho/Bloomberg via Getty Images


© Cho/Bloomberg via Getty Images
A man wearing a protective mask walks past an advertisement for the Samsung Electronics Co. Galaxy Z Fold2 5G and Z Flip 5G smartphones at the company’s D’light flagship store in Seoul, South Korea, on Tuesday, Oct. 6, 2020. Photographer: SeongJoon Cho/Bloomberg via Getty Images

The South Korean conglomerate said on Thursday that it expects to make an operating profit of roughly 12.3 trillion won ($10.6 billion) for the July-September quarter. That’s up 58% from the same period a year ago. The estimates also beat the 26% profit bump analysts polled by data provider Refinitiv had predicted.

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Samsung said it expects sales for the third quarter will rise about 6% to 66 trillion won ($57 billion).

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Huawei ousted from heart of EU as Nokia wins Belgian 5G contracts

By Supantha Mukherjee and Mathieu Rosemain

STOCKHOLM/PARIS (Reuters) – 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.

The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks and come after months of diplomatic pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying.

The Belgian capital Brussels is home to the European Union’s executive body and parliament, making it a matter of particular concern for U.S. intelligence agencies.

“Belgium has been 100% reliant on Chinese vendors for its radio networks – and people working at NATO and the EU were making mobile phone calls on these networks,” said John Strand, an independent Danish telecoms consultant.

“The operators are sending a signal that it’s important to have access

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Huawei CFO Dealt Fresh Setback in Fight Against Extradition

Meng Wanzhou leaves the Supreme Court in Vancouver, British Columbia, Canada, on Sept. 28.

Photographer: Darryl Dyck/Bloomberg

Huawei Technologies Co. Chief Financial Officer Meng Wanzhou failed to convince a Canadian judge to grant her access to confidential documents pertaining to her extradition fight.

Meng has pressed for additional disclosure about the circumstances of her arrest at Vancouver’s airport on a U.S. handover request in December 2018. She argues her arrest was unlawful and that her extradition case should be dismissed.

In August, she sought an order from the Supreme Court of British Columbia to force the Canadian government to authorize full access to documents she said had been redacted or withheld arbitrarily. Canada argued that divulging them would violate confidentiality agreements with clients and third parties.

Associate Chief Justice Heather Holmes “upheld a majority of Canada’s privilege claims,” Canada’s Department of Justice said in a statement late

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Samsung Expects Profit Surge On Demand For High-Speed Computing And Huawei Orders

Samsung Electronics Co., the world’s largest manufacturer of consumer electronics, said on Thursday that its operating income was $10.6 billion over the three months ending in September, an upsurge that signals increasing demand for high-speed computing and smartphone chips.

That figure marks a 58% gain compared to the same period a year ago. The $279 billion Korean tech giant anticipates third-quarter sales of about $57.3 billion, its preliminary results show. Sales at that level would beat the third quarter of last year by 6.5%.

Recent demand for processors that enable high-speed computing are said to be boosting revenues for Samsung as well as other major chipmakers, including fellow Asian tech giant Taiwan Semiconductor Manufacturing Co.

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UK report accuses Huawei of collusion with China

The report has consulted a number of sources, including venture capitalist André Pienaar, Henry Jackson society fellow Christopher Balding and Roslyn Layton, founder of China Tech Threat. These figures point to the subsidies the company has reportedly received and its opaque ownership model as reasons for a ban. The report adds that the use of Huawei equipment in the UK has caused some consternation from other members of the Five Eyes intelligence-sharing network. 

As much as the documents look to criticize Huawei, it also serves as an indictment of successive governments policy toward IT and manufacturing. One of the reasons that Huawei was able to achieve such a large part of the market was because of its low price. This hasn’t been helped by a “lack of diversity across the telecoms supply chain,” which the report says “creates the possibility of national dependence on single suppliers.” The fact that the

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Nvidia and Huawei face uncertain future in Britain’s high-tech capital

University of Cambridge

Geography Photos/UIG via Getty Images

LONDON — Situated in the middle of China and the U.S., the English university city of Cambridge has found itself at the center of two massive tech sagas.

U.S. chip maker Nvidia and Chinese hardware manufacturer Huawei have big expansion plans in Cambridge but both companies have big hurdles to overcome if their dreams are to be realized.

Nvidia hopes to acquire Cambridge-headquartered Arm for $40 billion and set up a new “world-class” AI center in the city, while Huawei plans to build a £1 billion ($1.3 billion) research lab in Sawston, located roughly eight miles from Cambridge city center.

Renowned for being one of the world’s greatest intellectual powerhouses, Cambridge is home to thousands of tech workers and companies like Amazon, Microsoft and Apple all employ highly-educated research teams in the city. “Lots of tech companies want to get foothold in

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Samsung Electronics profit likely at two-year high after Huawei orders, phone recovery

SEOUL (Reuters) – Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts’ estimates as U.S. restrictions on China’s Huawei boosted the South Korean tech giant’s phone and chip sales.

U.S. action against Huawei Technologies Co Ltd has dampened demand for its phones outside of China, giving Samsung a leg up, analysts said.

The Chinese firm has also hurried to order more chips from Samsung after Washington moved to choke its access to commercially available chips from mid-September.

Samsung said on Thursday that operating profit was likely 12.3 trillion won ($10.6 billion) for the three months ended September, well above a Refinitiv SmartEstimate of 10.5 trillion won. It would be the strongest result since 17.57 trillion won in the third quarter of 2018.

Revenue likely rose 6% from the same period a year earlier to 66

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Samsung Flags Near-60% Operating Profit Jump After Huawei Boost

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

James Kang, senior analyst at Euromonitor International Korea, said

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