Gmo Trading

US chip makers Qualcomm, Intel and Xilinx are lobbying for the US Department of Commerce to relax the ban on working with the Chinese company Huawei. Reported by Reuters. Three of these companies were directly affected by the blacklisting of Huawei in the United States, since they supplied microchips to the electronics manufacturer. The Commerce Department announced the decision to blacklist Huawei in mid-May. This meant that working with a Chinese corporation and several dozen associated legal entities of a US company can only with the express permission of the US government. Such a move in Washington was explained by the fact that working with Huawei is a threat to the national interests of the country and its security. In 2018, Huawei purchased parts for $70 billion from partners. Of these, $11 billion relates to purchases from American companies, including chip manufacturers. Shares of chip manufacturers began to decline in April-May, when the US government on...

Intel will become the owner of a network startup Barefoot Networks reports The Wall Street Journal. Details and amount of the transaction were not disclosed. Earlier, Internet giants Google, Alibaba, Tencent, and Goldman Sachs invested in Barefoot Networks. It is expected that the startup will pass under the full control of Intel in the third quarter of this year. Intel has long dominated the computer processor market. The company successfully promoted its data center chips as cloud computing expanded. Now Intel intends to gain a foothold in other technologies. Although Intel is the largest US manufacturer of computer chips, the company does not produce chips that control communication over Ethernet. The recognized leader in this field is Broadcom. The purchase of Barefoot Networks should solve the problem of a sharp increase in data volume. The surge in the amount of information processed led to a significant increase in the demand for computing power for analysis in...