Implications of Huawei's New Phone and SMIC's Role

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This chapter discusses the release of a new phone by Huawei, its role in rebuilding the smartphone business after US sanctions, concerns about SMIC violating sanctions, loopholes in US sanctions on semiconductors, and questions the perspective of the Biden administration on the issue.

India hosts the G20 summit this weekend, Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU, Apple shares are taking a beating, and Huawei has seen a resurgence despite sanctions from the United States.

Mentioned in this podcast:

Joe Biden pushes for bigger World Bank to combat China’s rising influence

Germany backs EV tariff delay in boost to Sunak

US to check on chips used in Huawei’s ‘Made in China’ smartphone

Apple stock hit by China worries ahead of iPhone 15 launch

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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