Intel and the US government have finalized $7.86 billion in funding to help support tens of thousands of jobs and boost the domestic semiconductor manufacturing industry.
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The U.S. government will provide Intel with additional grants of up to $3 billion to create advanced semiconductors for national security purposes.
Microsoft has been granted a license by the United States Department of Commerce to sell "mass-market" software to Huawei, a company that's currently banned from doing business with U.S. companies.
The U.S. Department of Commerce has issued Huawei with a three-month extension which will allow the company to do business with U.S. companies. The license still only allows limited business.
According to a statement issued by FedEx, the multinational courier company is suing the American Department of Commerce. The move comes just a few days after FedEx was unable to ship a Huawei phone.
The U.S. Department of Commerce has issued a temporary reprieve for businesses that trade with Huawei. The move also means that Huawei Android customers will get updates until August.
The German chipmaker, Infineon, is the latest company that has announced it will suspend trade with the Chinese phone maker, Huawei. Other hardware manufacturers are considering their stance too.
After many weeks of efforts by the Chinese firm to regain the trust of the American government, the Department of Commerce has finally lifted the ban it had imposed on the company's imports.
After the ZTE ban, China is looking at ways to speed up its chip manufacturing process. The country had previous plans to increase production by 2025 but now things have become more urgent.
For the next seven years, Chinese smartphone-maker ZTE will be banned from purchasing hardware components from suppliers that are based in the United States, like Qualcomm, Microsoft, and Intel.
ZTE has come to an understanding with the US Department of Commerce. The Chinese company will pay a total record-setting amount in fines as it exported electronics and IT equipment to Iran and DPRK.
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