Qualcomm rejects $52 billion US subsidy to restart Huawei chip partnership!

Welcome to VOC - Vision of China,In this episode, we delve into the latest developments surrounding Qualcomm’s rejection of a $52 billion U.S. subsidy and its renewed partnership with Huawei in chip development. The U.S. government has recently unveiled regulations aimed at restricting chip companies that receive federal funding from collaborating with China. These measures, effective from September 22nd, have raised concerns about supply chains and global competitiveness within the semiconductor industry. Gina Raimondo, the U.S. Secretary of Commerce, emphasized that these restrictions are designed to bolster U.S. national security and maintain technological leadership. However, the chip industry has actively lobbied against these regulations, fearing disruptions.