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company profile

xsmn k?t qu? x? s? Meng Wanzhou, the Huawei executive held in Canada on US fraud charges between December 2018 and September 2021, will serve as deputy chairperson of the board and a rotating chairperson of the telecommunications giant, according to an updated bio on the companys official website. The US had dropped an extradition request for Meng. Huawei usually has three rotating chairpeople as the head of the company, with each rotation lasting six months. The other two rotating chairpeople are Hu Houkun and Xu Zhijun. Meng is the daughter of Huawei founder Ren Zhengfei and became a household name in China after being at the center of the US-China diplomatic wrangle. [Huawei statement]

xsmn k?t qu? x? s? Dutch officials are planning to restrict China’s access to edge-cutting chip technologies and equipment as part of a deal with US officials, sources familiar with the matter have told Bloomberg. The curbs under discussion could be implemented as soon as next month, according to Bloomberg sources. The move could affect key Netherlands-based chipmaking equipment supplier ASML, whose products are critical for most advanced chips. US officials unveiled new chip export bans on China in October, leading ASML to instruct its employees to stop serving Chinese clients. According to ASML, 5% of its undelivered orders will be affected by the US’s new export controls. [Bloomberg]