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Huawei could lose out on 5G in Europe, but outright ban in Africa unlikely

Summary:
And the ban goes on... The US is working on regulations that will ban its government from working with contractors who use technology from five Chinese companies: Huawei, ZTE, Hikvision, Dahua and Hytera. The regulations are expected to be effective August 2020. The US Commerce Department had also announced on 15 May that any foreign entity using US chip-making equipment, intellectual property or design software to supply semiconductors would have to apply for a license before shipping chips to Huawei and its affiliates on the entity list. (The entity list is a US publication of businesses, research institutions, government and private organisations, individuals, and other types of legal persons that are subject to specific license requirements for the export, re-export and/or in-country

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And the ban goes on...

The US is working on regulations that will ban its government from working with contractors who use technology from five Chinese companies: Huawei, ZTE, Hikvision, Dahua and Hytera. The regulations are expected to be effective August 2020.

The US Commerce Department had also announced on 15 May that any foreign entity using US chip-making equipment, intellectual property or design software to supply semiconductors would have to apply for a license before shipping chips to Huawei and its affiliates on the entity list. (The entity list is a US publication of businesses, research institutions, government and private organisations, individuals, and other types of legal persons that are subject to specific license requirements for the export, re-export and/or in-country transfer of specified items)

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Huawei could lose out on 5G in Europe, but outright ban in Africa unlikely
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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