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SHE:000063

6 stories mentioning SHE:000063Updated 7d ago

Every FINWIRES story that references SHE:000063, newest first.

Asia

FCC Tightens Rules on Devices With Parts From Huawei, ZTE

The U.S. Federal Communications Commission adopted rules to prohibit the authorization of devices containing certain logic-bearing hardware components made by companies deemed to pose national security threats, according to a Wednesday FCC press release.The FCC's action will "fully close the component part loophole," Chair Brendan Carr said.Since 2022, new equipment manufactured by entities on the FCC's covered list, such as Huawei and ZTE (HKG:0763, SHE:000063), has been barred from obtaining equipment authorization. However, devices containing parts from covered list entities could still enter the U.S. market, Carr said in a separate statement.The FCC keeps a list of companies whose communications equipment and services are prohibited due to national security concerns.Huawei and ZTE did not immediately respond to requests for comment from.

HKG:0763SHE:000063
Asia

China Clears Apple Intelligence for iPhones Alongside Six Smartphone AI Services

Apple has received regulatory approval to roll out its Apple Intelligence platform on iPhones in China.The Cyberspace Administration of China cleared the feature, along with six other smartphone AI services, according to a notice published on Wednesday from the internet regulator.Apple Intelligence and Samsung's Galaxy AI were the only foreign platforms to receive approval. The remaining licenses went to Chinese smartphone makers Huawei, Oppo, Vivo, Xiaomi (HKG:1810), and ZTE (SHE:000063, HKG:0763).According to the regulator's notice, the approval applies only to iPhones and does not specify whether Apple Intelligence will also be available on iPads or Mac computers sold in China.Separately, the South China Morning Post reported that Alibaba's (HKG:9988) Qwen large language model will power Apple Intelligence features in China, while Baidu (HKG:9888) is working with Apple to develop AI capabilities for the service.

HKG:0763HKG:1810HKG:9888HKG:9988SHE:000063
Asia

Market Chatter: ZTE, Two Chinese Firms Secure US Nod to Buy Nvidia, AMD Chips

ZTE (HKG:0763, SHE:000063) and two other Chinese firms have secured U.S. approval to buy AI chips from Nvidia and AMD, Reuters News reported Wednesday, citing documents and two sources familiar with the matter.The companies permitted by Washington to buy chips are ZTE Kangxun Telecom, server maker Maginfra, and Kingsoft (HKG:3888) unit Zhuhai Hengqin Yunxiang Zhisheng Network Technology, according to the report.ZTE, Maginfra, Kingsoft, Nvidia, and AMD did not immediately respond to' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0763HKG:3888SHE:000063
Asia

ZTE Lowers Convertible Bond Conversion Price Following Dividend

ZTE (SHE:000063) lowered the conversion price of its 3.58-billion-yuan zero-coupon USD-settled H-share convertible bonds due 2030, following the distribution of its 2025 final dividend.The conversion price per H share declines to HK$29.72 from HK$30.25, effective June 30, the day after the dividend record date.The adjustment increases potential conversion shares by 2.3 million shares to 132.0 million shares, representing 17.48% of ZTE's H-share capital.Shares of the telecommunications company rose 2% in recent trade.

SHE:000063
Asia

Market Chatter: US Moves to End China's Role in Electronics Testing

The U.S. Federal Communications Commission voted unanimously to advance a proposal banning all Chinese labs from testing U.S.-bound electronic devices such as smartphones and computers, Reuters reported Thursday.Currently, about 75% of U.S. electronics are tested in China, according to the report. The plan would fast-track approval for devices tested in U.S. labs or allied nations.In a separate vote, the FCC moved to bar China Mobile (SHA:600941, HKG:80941), China Telecom (SHA:601728, HKG:0728) and China Unicom (HKG:0762) from operating U.S. data centers, Reuters wrote.The agency is also considering blocking interconnection with companies linked to national security risks, including Huawei and ZTE (SHE:000063, HKG:0763), according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0728HKG:0762HKG:0763HKG:80941SHA:600941SHA:601728SHE:000063
Asia

US FCC Could Bar Top Chinese Telcos From Operating US Data Centers

The U.S. Federal Communications Commission said it could bar three big Chinese telecommunications firms from operating data centers in the U.S. and ban U.S. interconnections with the three companies.The commission said it has tentatively concluded there are national security concerns regarding U.S. telecommunication companies connecting with companies identified in the U.S. government's "covered list."The FCC will have to seek comment regarding interconnections with the companies, among them China Mobile (HKG:0941), China Telecom (HKG:0728, SHA:601728), and China Unicom (HKG:0762), Reuters reported separately.The FCC could disallow U.S. telecommunications companies from connecting with companies that use equipment from the list, among them ZTE (HKG:0763, SHE:000063), the newswire said.The commission will vote on the possible ban on April 30.

HKG:0728HKG:0762HKG:0763HKG:0941SHA:600941SHA:601728SHE:000063

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