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Showing posts for April 2020


07 April 2020

Cyclops Electronics, Cyclops Excess & Global Supply Services Statement 07.04.2020 Statement of strategy

Cyclops Electronics, Cyclops Excess & Global Supply Services Statement 07.04.2020 Statement of strategy

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Our business is currently remaining open during this period and we have taken several measures to ensure the continuous ability for us to safely provide components and other similar items to our customers.

During this period of uncertainty, we have assessed the risk and deployed team members to be working from home where possible. With this in mind we are committed to the health and safety of our team members who are operating in the warehouse locations.

We are providing enhanced levels of cleaning and standards of hygiene to members of staff and this will continue so we can offer our high levels of service to you as our customers.  

At this time we do not expect to any further measures to mean we will be forced to close. We would like to assure our customers that during this difficult time we are committed to supporting your manufacturing operations and all requirements we can assist with.

 

Best regards, 

Daniel Yodaiken

Managing Director


01 April 2020

Huawei vs Donald Trump

Senior officials in the Trump administration agreed to new measures to restrict the global supply of chips to China’s Huawei Technologies, sources familiar with the matter said, as the US administration continues its criticism of China over coronavirus.

The move comes as ties between Washington and Beijing grow more strained, with both sides pinning blame for the spread of the disease and retaliation over the expulsion of journalists from both countries.

Under the proposed rule change, foreign companies that use U.S. chipmaking equipment would be required to obtain a U.S. license before supplying certain chips to Huawei, who were blacklisted last year, limiting the company’s suppliers.

usa-china660

Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which dealt a blow to its overseas sales in 2019 and predicted the Chinese government would retaliate against the United States.

"The Chinese government will not just stand by and watch Huawei be slaughtered on the chopping board," Chairman Eric Xu told reporters at the launch of Huawei's annual report.

The United States in the past has alleged that the Chinese government could use Huawei’s equipment to spy, an accusation rejected by the company.

According to one source, the rule-change is aimed at curbing sales of chips to Huawei by Taiwan Semiconductor Manufacturing Co, a major producer of chips for Huawei’s HiSilicon unit, as well as the world’s largest contract maker.

 “Even if this situation you mentioned happened, Huawei and also other Chinese companies can choose to buy chipsets from Samsung from Korea, MTK from Taiwan, and [Unisoc] in China, and use those companies to develop chips,” Huawei’s Xu said to Reuters.

Some Tech companies do use US made chip manufacturing equipment including Mediatek which has its chips made by TSMC.  According to electronics weekly, TSMC also makes the chips for Huawei’s chip design subsidiary HiSilicon.

Huawei said net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% - its weakest growth in three years, and down from 25% jump a year earlier. Huawei also spent 15.3% of its 2019 revenue – $18.6 billion – on R&D.

It is still to be seen how Huawei will be affected by the US ban, if it is imposed.

Tags: huawei technology chips technology


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