• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sophgo to Face Blacklist: Implications for Chinese Tech

user avatar

by Giorgi Kostiuk

2 years ago


The US government is preparing to place the Chinese company Sophgo on a blacklist due to its involvement in a chip scandal related to Huawei. This decision may severely impact Chinese tech companies.

Sophgo's connection to Huawei

Sophgo allegedly provided a key AI chip for Huawei’s Ascend 910B processor. The chip was manufactured by TSMC and its order was surrounded by suspicious circumstances. Following the blacklist proposal, the company faces the risk of losing access to critical US technologies.

Investigation and its consequences

The scandal began when researchers discovered that the Ascend 910B chip shares a design with a chip ordered by Sophgo from TSMC. This triggered TSMC's decision to halt shipments to Sophgo. The US has banned the export of advanced chips to China without licenses, yet evidence suggests that Huawei and Sophgo continue to work together.

Crypto links and China's AI ambitions

Sophgo's issues are linked not just to Huawei but also to Bitmain, a Bitcoin mining powerhouse founded by Micree Zhan. The use of Bitmain's corporate emails by Sophgo raises further concerns. Meanwhile, Huawei plans to mass-produce a new AI chip, the Ascend 910C.

The situation with Sophgo and its link with Huawei highlights the tension in US-China relations. These events could influence the future of Chinese technology and its access to global markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Potential Passage of CLARITY Act Could Boost XRP

chest

The CLARITY Act aims to provide regulatory clarity for the cryptocurrency sector, which may enhance investor confidence in XRP.

user avatarLi Weicheng

Headwinds for XRP Rally Amid Global Conflicts

chest

The US-Iran conflict and rising oil prices may pose challenges to XRP's potential rally.

user avatarAisha Farooq

Rising FOMO Among Investors Could Signal XRP Rally

chest

Investor sentiment around XRP is turning bullish, with a significant increase in positive comments compared to negative ones.

user avatarLeo van der Veen

XRP Token Faces Significant Decline from All-Time High

chest

XRP has dropped nearly 70% from its peak, raising concerns among fans and investors about its future performance.

user avatarTenzin Dorje

Injective Price Breakout Signals Potential Move Towards 530 Resistance

chest

Injective (INJ) is currently under observation for a potential price movement towards the 530 resistance line, amidst broader market discussions on infrastructure and regulation.

user avatarBayarjavkhlan Ganbaatar

ERCOT Introduces New Interconnection Rules for Texas Bitcoin Miners

chest

ERCOT has recently introduced new largeload interconnection rules that will affect Bitcoin miners in Texas.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.