non-public information or ower to nominate a board or make other substantial s, the US Treasury said. S has rejected several Chi&A deals in recent years in sectors ranging from highiconductors to real estate. ened regulations on Chinese ent in these so-called sensis will limit China’s imports mponents and in turn acceldevelopment of proprietary China, an industry represenrnamed Liu told the Global n Thursday.
“Some major Chinese device and equipment providers such as Huawei and ZTE have already classified foreign component suppliers into US and non-US, and they are getting fully prepared,” he said, noting that the ZTE crisis has brought Chinese technology companies and domestic chipmakers much closer.
“Before, Chinese firms gave priority to foreign components. Now Chinese chipmakers will have more opportunities to put their self-developed products into the market,” he said.
ZTE, which was seriously affected by a trade ban on core components by the US government this year and has a large business presence in the US, declined to comment on the new US policies.
Chinese hardware provider Huawei Technologies is one of the Chinese firms that have been striving to develop proprietary chips to reduce reliance on foreign suppliers.
After years of development in niche sectors such as cloud services, some particular chipsets designed for targeted artificial intelligence scenarios have become scarce and expensive, “which prompted us to develop our own chipsets,” Xu Wenwei, Huawei’s chief marketing officer, said during a press conference on Thursday in Shanghai.
“We need some chips for edge devices that have low power consumption, but only a few choices are available in the market,” he said.