The actions of Chinese technology plummet by espionage
The actions of Chinese technology plummet by espionage
HONG KONG: The escalation of the trade struggle between Washington and Beijing is causing chills through investors in Chinese technology companies that sell to the US. UU
, the Chinese manufacturer of computers and servers, fell more than 20% on Friday, while shares of
, which manufactures smartphones and telecommunications equipment, yields more than 10%. Other Chinese hardware manufacturers also fell, including those that sell to US customers. UU Or they supply technology companies in the US UU
The mass sale takes place as the trade dispute between the United States and China intensifies and brings with it a renewed control of the interconnection of the global technology supply chain and the possible vulnerabilities and security risks that it entails. A report in Bloomberg Businessweek on Thursday said Beijing used microchips inserted into computer components created for a number of US technology companies to spy on the US. UU
.
In a statement, a spokeswoman for Lenovo said the chip maker linked in the Bloomberg report to Beijing's spy efforts, called
Super Micro Computer
Inc.,
SMCI -41.12%
"He is not a Lenovo supplier in any case, and as a global company, we take comprehensive measures to protect the continued integrity of our supply chain."
Super Micro Computer denied the Bloomberg report and said it "has never found any malicious chips, nor has any customer informed it that such chips have been found." A ZTE spokeswoman did not immediately respond to a request for comment.
Tensions have been increasing between the US and China for months. Vice President Mike Pence on Thursday aired a long list of complaints with Beijing and criticized Google-parent Alphabet Inc. for trying to develop a Censored version of your search engine in China., where access to the internet is restricted. A spokeswoman for Google declined to comment.
Separately, a report from the White House on Thursday said US industries. UU Linked to national defense they faced a "set of unprecedented challenges" that have held back their ability to quickly create crucial military components, in part because the availability of these components is limited to rival countries such as China. .
In the Chinese markets, the focus was on the sharp decline in Lenovo shares. The company is a major PC vendor and a major provider of servers around the world, which sells under the
name of the brand Lenovo bought the server business from International Business Machines Corp. in 2014, and the business has been the key driver of the company's growth in recent years. About one third of the company's revenues came from the Americas region in its last fiscal year.
"This type of news flow has been on the market inside and outside of recent years, especially in relation to the issue of national security," said Hayman Chiu, director of research at
Cinda International Holdings
Limited.
In Hong Kong. "We believe that this market sentiment triggered massive sales in the technology sector, especially for Lenovo."
ZTE, based in Shenzhen, has long been a big seller of smartphones for the US. UU The company has long been subject to control by Washington officials because of concerns that its equipment could be used by Beijing to spy on Americans, which the company has denied for a long time.
This year, ZTE was at the center of the commercial dispute between the United States. UU And China after the Department of Commerce slapped the company with a request that prevented US suppliers from selling to the Chinese firm. The Department of Commerce of the United States revoked the order in exchange for More than $ 1 billion in fines. and a change of senior leadership.
Write to Dan Strumpf in daniel.strumpf@wsj.com
SOURCE LINK ERESVIRAL.COM https://www.beviral.online
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