ROHM’s New SBDs: Achieving Class-Leading* Reverse Recovery Time with 100V Breakdown Voltage by Adopting a Trench MOS Structure that Significantly Improves VF-IR Trade-Off
  ROHM has developed 100V breakdown Schottky barrier diodes (SBDs) that deliver industry-leading reverse recovery time (trr) for power supply and protection circuits in automotive, industrial, and consumer applications.  Although numerous types of diodes exist, highly efficient SBDs are increasingly being used inside a variety of applications. Particularly SBDs with a trench MOS structure that provide lower VF than planar types enable higher efficiency in rectification applications. One drawback of trench MOS structures, however, is that they typically feature worse trr than planar topologies - resulting in higher power loss when used for switching.  In response, ROHM developed a new series utilizing a proprietary trench MOS structure that simultaneously reduces both VF and IR (which are in a trade-off relationship) while also achieving class-leading trr.  Expanding on the four existing conventional SBD lineups optimized for a variety of requirements, the YQ series is ROHM’s first to adopt a trench MOS structure. The proprietary design achieves class-leading trr of 15ns that reduces trr loss by approx. 37% and overall switching loss by approx. 26% over general trench-type MOS products, contributing to lower application power consumption. The new structure also improves both VF and IR loss compared to conventional planar type SBDs. This results in lower power loss when used in forward bias applications such as rectification, while also providing less risk of thermal runaway which is a major concern with SBDs. As such, they are ideal for sets requiring high-speed switching, such as drive circuits for automotive LED headlamps and DC-DC converters in xEVs that are prone to generate heat.  Going forward, ROHM will strive to further improve the quality of its semiconductor devices, from low to high voltages, while strengthening its expansive lineup to further reduce power consumption and achieve greater miniaturization.  SBD Trench MOS StructureThe trench MOS structure is created by forming a trench using polysilicon in the epitaxial wafer layer to mitigate electric field concentration. This reduces the resistance of the epitaxial wafer layer, achieving lower VF when applying voltage in the forward direction. At the same time, during reverse bias the electric field concentration is minimized, significantly decreasing IR. As a result, the YQ series improves VF and IR by approx. 7% and 82%, respectively, compared to conventional products.  And unlike with typical trench MOS structures where trr is worse than planar types due to larger parasitic capacitance (resistance component in the device), the YQ series achieves an industry-leading trr of 15ns by adopting a unique structural design. This allows switching losses to be reduced by approx. 26%, contributing to lower application power consumption.  Application Examples• Automotive LED headlamps • xEV DC-DC converters • Power supplies for industrial equipment  • Lighting  ☆: Under development  * The TO-277GE package products released and sold by online distributors this time are rated for car infotainment and body systems. For each part number, we are preparing grades that can be installed in powertrains, etc. (using the same part number), with mass production scheduled to start in September 2024. (The packaging symbol after the above part numbers will differ)  Product Page and Related InformationApplication notes highlighting the advantages of these new products in circuits along with a white paper that showcases the features of each SBD series are available on ROHM's website. An SBD page is also available that allows users to narrow down product options by entering voltage conditions and other parameters, facilitating the selection process during design. Click on the URLs below for more information.  ■ ROHM SBD Product Page  https://www.rohm.com/products/diodes/schottky-barrier-diodes  ■ Application Notes  Advantages of YQ Series: Compact and Highly Power Conversion Efficiency Schottky Barrier Diodes for Automotive https://fscdn.rohm.com/en/products/databook/applinote/discrete/diodes/yq_sbd_automotive_an-e.pdf  ■ White Paper  ROHM's SBD Lineup Contributes to Greater Miniaturization and Lower Loss in Automotive, Industrial, and Consumer Equipment  https://fscdn.rohm.com/en/products/databook/white_paper/discrete/diodes/sbd_lineup_wp-e.pdf  Online Sales Information  Applicable Part Nos: Refer to the above table.  Availability: December 2023  Pricing: $2,5/unit (samples, excluding tax)  The products will be sold at other online distributors as well.  Terminologytrr (Reverse Recovery Time)  The time it takes for the switching diode to switch from the ON state to completely OFF. The lower this value is, the smaller the switching losses.  Forward Voltage (VF)  A voltage drop that occurs when electricity flows in the forward direction from + to -. The lower this value is, the higher the efficiency.  Reverse Current (IR)  Reverse current generated when reverse voltage is applied. The lower this value is, the smaller the power consumption (reverse power loss).  Thermal Runaway  When a diode is conducted in the reverse direction, heat generated within the chip may exceed the heat dissipation of the package, causing IR to increase and eventually lead to destruction, - a phenomenon called thermal runaway. For SBDs with high IR values, thermal runaway is especially likely to occur, so care must be taken when designing circuits.
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Release time:2024-02-20 11:26 reading:1905 Continue reading>>
Trade War Cited as TI Reports Sales Decline
  Chipmaker Texas Instruments posted its first year-over-year decline in quarterly sales in more than two years amid what company executives characterized as semiconductor cyclicality and weaker demand in China.  “We believe that after 10 quarters of year-on-year growth, the weakness we are seeing is primarily due to the semiconductor cycle,” said Rafael Lizardi, TI’s chief financial officer, in a post-earnings conference call with analysts. “In addition, the macroenvironment — including uncertainty caused by trade tensions — could impact the depth and duration of this cycle.”  Dave Pahl, vice president and head of investor relations, said that demand in China was weaker than in other regions of the world. “We are seeing signs from our customers and the channel that this weakness is primarily from increased caution due to trade tensions,” Pahl said. “We assume that this weakness is a combination of lower local end demand, as well as reduced exports, but we do not have visibility to distinguish between the two.”  Trade tensions between the U.S. and China have been escalating for over a year, with each country imposing tariffs on products exported by the other beginning last March. However, prior to TI’s quarterly report Wednesday, chip companies have generally not reported any major effects of the trade war.  TI (Dallas) reported sales of $3.72 billion for the fourth quarter of 2018, down 1% compared to the fourth quarter of 2017. The company reported a net income for the quarter of $1.24 billion, up 260% from the fourth quarter of 2017, when non-cash charges related to tax law changes adversely affected TI’s profit.  Fourth-quarter sales came in slightly below consensus analysts’ expectations of $3.75 billion. Earnings per share of $1.27 exceeded consensus analysts’ expectations of $1.24 per share.  For the full-year 2018, TI reported sales of $15.8 billion, up 5% compared to 2017. The company reported a net income for the year of $5.6 billion, up 51% compared to 2017.  TI said that it expects sales for the first quarter of this year to be between $3.34 billion and $3.62 billion, in line with analysts’ expectations.
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Release time:2019-01-25 00:00 reading:4235 Continue reading>>
US cancels <span style='color:red'>trade</span> planning meeting with China, source says
  The White House rejected a trade planning meeting with Chinese counterparts this week due to outstanding disagreements between the two sides over the enforcement of intellectual property rules.  Officials from the U.S. trade representative's office were set to meet with two Chinese vice ministers this week to try to resolve trade differences before the March 1 deadline, but the meeting was called off, a source familiar with the situation confirmed to CNBC's Kayla Tausche.  Should Beijing and Washington fail to agree on a permanent solution, President Donald Trump has said he will reinforce punitive tariffs on roughly half of all Chinese exports to the U.S.  Asked for comment, the White House told CNBC that "the teams remain in touch in preparation for high level talks with Vice Premier Liu He at the end of this month." The Treasury Department and the U.S. trade representative's office did not respond to requests for comment.  White House economic advisor Larry Kudlow denied that an official meeting had been canceled, telling CNBC on Tuesday that no intermediate meetings had been scheduled other than the visit by Liu next week.  One source suggested that talks may still happen over the phone, but the termination of the in-person visit signals that reaching a complete agreement beyond the basic tenants of the Group of 20 truce will be difficult. China offered to boost its imports from the U.S. for six years, officials familiar with the matter told CNBC last week, though how any such promise would be enforced remains uncertain.  Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported. China would increase its annual import of U.S. goods by a combined value of more than $1 trillion, the officials told Bloomberg, which was the first to report on the import boost offer.  "I would kind of characterize negotiations as generally moving in the right direction. Last week, China offered a fig leaf in lowering tariff rates and agreed to import a trillion dollars of U.S. goods by 2024," said Joseph Lupton, global economist at J.P. Morgan.  Trade negotiations between Washington and Beijing have stretched for months amid a tit-for-tat dispute. Both countries have slapped tariffs on billions of dollars worth of each others' goods. The White House put tariffs of 10 percent on $200 billion of Chinese productsin September and at the time threatened to increase the levy to 25 percent by the start of 2019.  The two nations late last year agreed to halt additional tariffs as they engage in new trade talks with the goal of reaching an agreement before the March deadline following Trump's meeting with Chinese President Xi Jinping in Argentina.  "I think there's a lot of posturing going on. Trump's tweeting the China numbers are weak, they better make a deal quick," Lupton added. "I think a lot of that posturing is what's taking place here but beneath the surface both sides see a need to get some sort of deal here. It's just a matter of spinning it as a win for the two sides."
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Release time:2019-01-23 00:00 reading:1735 Continue reading>>
Analysts see 'several signs of modest progress' in latest US-China <span style='color:red'>trade</span> talks
In the wake of the latest round of trade talks between officials from Washington and Beijing, outside observers are noting that some progress appears to have been made — but there's still a long way to go before a meaningful deal.On Wednesday, the U.S. trade delegation released a statementnoting a long list of outstanding issues in the relationship between the world's two largest economies — including "forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft of trade secrets for commercial purposes, services, and agriculture."Still the official statement also recognized that China had pledged to buy "a substantial amount of agricultural, energy, manufactured goods, and other products and services" from the U.S. Some analysts said that language, in addition to the meeting extending to a previously unannounced third day, indicated some potential thawing in the dispute."There were several signs of modest progress from these mid-level talks. First, negotiations went a day over the original schedule, indicating enough substantive discussion to at least keep officials at the table. Day three reportedly focused on the more knotty structural issues raised by the US side in detailed demands presented to Beijing in May 2018," a group of experts from political risk consultancy Eurasia Group wrote in a Wednesday note.They added: "Second, (the U.S. Trade Representative's) statement noted that China has pledged to purchase a 'substantial amount' of US exports, including agriculture, energy and manufactured goods. That language suggests that, as we expected, Beijing is carrying out a strategy of aggressively purchasing US goods — playing to (U.S. President Donald Trump's) focus on reducing the trade deficit — in the hopes that it lessens the pressure on China to undertake difficult structural measures."China, for its part, said in a Thursday morning statement issued by its Commerce Ministry that the just-concluded round of trade talks with the U.S. were extensive and established a platform for future discussions."Both sides ... held broad, deep and meticulous discussions on shared observations on trade issues and structural problems, laying the foundation for addressing areas of common concern," the statement said, according to a CNBC translation of the original Chinese.Even before the talks were extended into a third day, the analyst community was already seeing a positive sign when China's top trade negotiator, Liu He, reportedly stopped by the negotiating room on Monday. Given the vice-ministerial level of the talks, that was interpreted as a strong signal that Beijing was taking negotiations seriously.In early December, Trump and Chinese President Xi Jinping agreed to a temporary ceasefire, giving both sides until March to reach some agreement on trade and issues such as the forced transfer of technology.Trade tensions between the world's two largest economies escalated last year, putting global markets on edge. The U.S. announced tariffs on $250 billion worth of Chinese goods, while Beijing countered with its own battery of levies.Both parties, the Beijing ministry said, agreed to maintain close contact.In response to the U.S. statement on the talks, U.S.-China Business Council President Craig Allen said in a release that his group was "pleased that the two governments had substantive discussions over the past three days."Still, he noted that the business community is concerned about more than just the overall balance of trade between the two economic superpowers — a problem that is at least partially addressed by Beijing's pledge to purchase more U.S. goods and services."We urge both governments to use the time remaining in the 90-day negotiating period to make tangible progress on the important issues at the core of the current dispute: equal treatment of foreign companies in China, as well as China's intellectual property and technology transfer policies," Allen said.Beijing has denied that it forces foreign companies to transfer technology to Chinese parties in exchange for market access, but it has in various ways acknowledged that it could do more to allow overseas players an equal footing within its borders. To what extent such reforms are truly on the Communist Party's agenda remains a matter of debate.Another "elephant in the room" in the trade relations between China and the U.S. is additional tariffs that both countries have imposed on each other's products, said Eric Robertsen, head of global macro strategy at Standard Chartered."Now, trade is only one part of this, the bigger picture issues around intellectual property, forced sharing of technology et cetera I don't think those get addressed in the short term," Robertsen told CNBC's "Squawk Box" on Thursday."Remember, the thing that we have to solve for is getting to the end of the negotiating period and making sure that enough progress has been made so that tariffs not lifted, we still have that elephant in the room of tariffs," he added.Market reactionsAsian markets were mostly lower on Thursday after the end of the latest U.S.-China trade talk. Stock markets globally rallied earlier in the week on optimism that both countries were making progress on trade."Markets have been quite optimistic about this trade talk, so that's why we're seeing some profit-taking after the rally. I think the result was pretty much as expected so people are not too excited and they probably will look forward to another meeting," Alex Wong, director of asset management at Ample Capital, told CNBC's "Squawk Box."
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Release time:2019-01-10 00:00 reading:1186 Continue reading>>
Apple CEO Tim Cook: 'I'm very optimistic' about US-China <span style='color:red'>trade</span> talks
Apple CEO Tim Cook was notably reassuring when asked about the prospects of U.S.-China trade talks in a Tuesday interview with CNBC's Jim Cramer.In the interview, Cook cast the trade-related economic weakness in China as "temporary," saying it was in both countries' "best interests" to reach an agreement."It is a very complex trade agreement and it needs to be updated, but as I've said before, I'm very optimistic that this will happen," Cook told Cramer. "That clearly will be good not only for us, frankly, but I think more about the world in general. The world needs a strong U.S. and China economy for the world economy to be strong."The U.S. and China will continue trade talks in Beijing for an unscheduled third day, a member of the U.S. delegation said on Tuesday, as the world's two largest economies looked to resolve their bitter trade dispute.In the interview with Cramer, Cook said he had "heard some very encouraging words" from people with knowledge of the talks "very recently," and had shared his thoughts and concerns with them."I felt that Tim came very close to saying that we could have a real breakthrough with China," Cramer said on television after the interview. "He was so encouraging, and he said his information was recent."Cook and President Donald Trump have had a mixed relationship, but they've been in touch regularly over the course of Trump's presidency.According to Cramer, host of "Mad Money," Cook said "'my information is basically real time,' and real-time, he feels a lot better … about a possible China deal." Cook was "more bullish than I was," Cramer adds.Last week, Apple lowered its first-quarter guidance, citing economic weakness in China as one of the reasons for the pain. Cook later told CNBC he believed U.S.-China "trade tensions" exacerbated the slowdown in China.If the two countries are able to reach a deal, that will mean good things for Apple's stock, which closed nearly 2 percent higher on Tuesday, Cramer argued."It would be a big breakthrough and make people feel like they should be buying shares of Apple at their current levels," he said. "I took [Cook's remarks] as real upside and it made me feel like the stock is in the process of bottoming here."Cook also told Cramer that Apple's growing ecosystem of devices and services is "probably underappreciated" by the naysayers on Wall Street.
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Release time:2019-01-09 00:00 reading:1119 Continue reading>>
Apple's China struggles highlight US companies' <span style='color:red'>trade</span> war vulnerabilities
Apple — one of the world's most valuable public companies by market capitalization and a bellwether for the technology sector — slashed its revenue guidance on Wednesday, highlighting just how vulnerable large American companies are to the ongoing U.S.-Chinatrade war.Apple CEO Tim Cook told CNBC's Josh Lipton that the trade dispute between the world's two largest economies is exacerbating economic issues in China, which is an important source of revenue for the company.Other companies could face similar problems, according to experts."Weakening iPhone sales in China highlight the vulnerability of many U.S. multinationals to the U.S.-China trade war, both due the exposure of their manufacturing supply chains to China and because of the growing importance of China as a key consumer market for many U.S. products," said Rajiv Biswas, Asia Pacific chief economist at IHS Markit.Although data showed China's economy holding up for much of 2018, it now appears to be slowing as production metrics and export orders fall amid the country's dispute with the U.S., its largest trading partner.The fallout from a Chinese economic slowdown is likely to extend to other sectors like consumer spending — potentially hitting American companies that are doing business in Asia's largest economy."The U.S. is not the ultimate and unequivocal consumer with powers to dictate U.S.-China trade terms; given ... the undeniably large Chinese market with an aspirational and savvy middle class," said Vishnu Varathan, head of economics and strategy at Mizuho Bank."As such, U.S.-China trade disputes will be bumpy given the gap between U.S. President Donald Trump's perceived sense of leverage and a much more modest reality," Varathan told CNBC.Washington and Beijing agreed in early December to pause tariff escalations, but headlines about the ongoing negotiations have continued to send jitters through the market. Prior to that agreement, China and the U.S. had gone back and forth threatening to implement levies on billions of dollars worth of imports.While high profile, Apple's status in China is unlikely to be a bargaining chip in the trade negotiations, said Dan Wang, analyst at the Economist Intelligence Unit. "It's not a core technolo(gy) that both countries want," she said.However, if the trade dispute escalates, Apple products such as the iPhone may be subjected to higher tariffs imposed by both sides.The "iPhone's vulnerability to the US-China trade war serves as a red flag warning of the importance of concluding a U.S.-China trade deal in early 2019 to end the bilateral trade dispute and remove market fears about further escalation of the trade war," said IHS' Biswas.After all, in the case of smartphones, the Chinese burgeoning consumer class has a plethora of iPhone alternatives to choose from — especially if a trade war with the U.S. sparks anti-American sentiments that extend to products."An antagonistic U.S. may only tip the balance in favor of Chinese consumers adopting home-made devices rather than products like Apple," said Varathan.Louis Kuijs, head of Asia Economics at Oxford Economics, echoed that sentiment, telling CNBC that "this whole trade conflict between the U.S. and China is also affecting a little bit the choices that Chinese people make when they buy phones at the moment."
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Release time:2019-01-07 00:00 reading:1218 Continue reading>>
This timeline shows how the US-China <span style='color:red'>trade</span> war led to the latest round of talks in Beijing
The Trump administration and the Chinese government restart trade talks Monday as they scramble to strike a new deal before a March 2 deadline.Washington and Beijing hope to stop a potentially ruinous trade war as concerns grow about China's economy and its effect on American companies. The U.S. delegation to the discussions, slated for Monday and Tuesday in Beijing, will include officials from the Office of the U.S. Trade Representative, along with representatives of the Agriculture, Energy, Commerce and Treasury Departments.The U.S. has already put tariffs on $250 billion in Chinese goods — and has threatened duties on double that value of products. Beijing has responded with tariffs on $110 billion in U.S. goods targeting politically important industries such as agriculture.After a December meeting between President Donald Trump and Chinese President Xi Jinping, the leaders of the world's two largest economies agreed to a temporary truce while they sought an agreement within three months. Trump said he would not carry out a planned increase in the tariff rate on $200 billion in goods to 25 percent from 10 percent. The March deadline is based on the meeting between the two leaders and could easily slip.Trump, who campaigned in 2016 on cracking down on what he called Chinese trade abuses, has a specific set of demands for the talks. He wants to address alleged Chinese theft of intellectual property, forced technology transfers, ownership of American companies in China, and tariffs and nontariff barriers, among other issues.The White House has shown optimism. But Washington and Beijing appear to have a difficult task in striking a concrete trade agreement even as Trump seeks a political win on one of his signature issues.
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Release time:2019-01-07 00:00 reading:1188 Continue reading>>
China says it has made plans with the US for a face-to-face <span style='color:red'>trade</span> meeting in January
China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said on Thursday, as the world's two biggest economies advanced efforts to resolve a months-long trade war.Consultations through "intensive" telephone calls will continue in the meantime, Gao Feng, spokesman at the commerce ministry, told reporters, adding that talks have been steadily moving forward despite the Christmas break in the United States."Even as the U.S side is in the Christmas holiday period, China and U.S. economic and trade teams have been in close communication, and the consultations are progressing in an orderly manner as scheduled," Gao said, when asked about progress on trade negotiations.Gao did not comment directly when asked to confirm a media report on a U.S. trade delegation visit scheduled for the week of Jan. 7."The two sides have indeed made specific arrangements for face-to-face consultations in January in addition to continuing intensive telephone consultations," he said, without elaborating.U.S. and Chinese officials have spoken by phone in recent weeks, but a meeting next month would be the first in-person talks since U.S. President Donald Trump met his Chinese counterpart, Xi Jinping, in Buenos Aires on Dec. 1.Trump and Xi agreed to stop escalating tit-for-tat tariffs that have disrupted the flow of hundreds of billions of dollars of goods between the two nations. The two leaders also agreed to launch new talks while the United States delayed a planned Jan. 1 tariff increase until March.In response, China has resumed purchases of U.S. soybeans for the first time in six months, even though hefty tariffs on U.S. cargoes remain in place.Tariff suspensionsChina has also said it will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, adding that it hopes both sides can speed up negotiations to remove all additional tariffs on each other's goods.A U.S. trade team will travel to Beijing the week of Jan. 7 to hold talks with Chinese officials, Bloomberg reported on Wednesday, citing two people familiar with the matter.A person familiar with the matter told Reuters last week that talks were likely in early January.In yet another reconciliatory sign, China issued on Tuesday a so-called "negative" list that specifies industries where investors - domestic or foreign - are either restricted or prohibited.The unified list is seen as an effort to address concerns from Western investors that there is no level-playing field in China. Investment in key Chinese sectors, however, is still prohibited.Draft investment lawOn Wednesday, China unveiled the draft of a foreign investment law for public consultation. In it, China has proposed a ban on forced technology transfer and illegal government "interference" in foreign business operations, practices that have come under the spotlight during the trade war.While China has frequently denied accusations of engaging in such practices, it has pledged to improve market access for foreign investors and better protect their rights in the face of growing complaints and reduced foreign investment.In an apparent move to emphasize reciprocity, the draft law said China would reserve the right to retaliate against countries that discriminate against Chinese investment with "corresponding measures".The draft will likely go through several readings before being submitted to China's parliament for formal approval, which could take another year or more.Heaping some uncertainty in the way of the bilateral trade talks was the recent arrest of the chief financial officer of Huawei Technologies in Canada at the request of the United States.U.S. prosecutors accuse Meng Wanzhou of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Meng, who is the daughter of Huawei's founder, has said she is innocent.
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Release time:2018-12-28 00:00 reading:982 Continue reading>>
MIC: USA Trade War to Impact Taiwan’s Annual Growth in 2019
The Market Intelligence & Consulting Institute (MIC) stated that the trade war between the United States and China has already become a protracted conflict, and amid the influence of factors of uncertainty, the economic inertia will slow down for Taiwan’s major trading partners, including the USA, the EU, Japan, South Korea, and Hong Kong. This will be a drag on the global economy and will impact Taiwan’s annual growth next year.Senior industry consultant Chen Zi-ang pointed out that from the results of international forecasting agency observations, the estimated values for Taiwan’s economic growth next year will be worse than those of 2018. Furthermore, an early response will be required in case Taiwan’s economic growth rate is faced with a gross margin crisis. Regarding China’s and the United States’ 90 days of recess in entering into negotiations, it still remains to be seen whether or not the deal will break down and the US restores 25% tariff measures, which will inevitably affect Taiwan's ICT industry.Institute for Information Industry (III) MRC estimates that the most probable development situation will be a protracted war and that the conflicts will not be solved in the short term. Although not every country will be directly impacted, overall international trade activity may slow down as a result, and there will be additional factors of uncertainty.Institute for Information Industry (III) MRC observed that the most recent situation in the trade war between the United States and China is impacting a portion of Taiwan’s telecommunications industry with one Taiwanese manufacturer after another beginning to adopt countermeasures. Some items of semiconductors, information products, and the netcon industry have also been affected, including logic in semiconductors, analog, and memory wafer semi-finished products and modules. Meanwhile, information products such as motherboards, desktop computers, and computer peripherals have been impacted along with broadband terminals and switch and set-top boxes in the communications industry.Two types of response measures are generally being adopted by the most influential information product related enterprises. The first is to transfer their production locations, and Vietnam, Mexico, the Philippines, and even Taiwan are options which businesses are evaluating. The other response is to adjust pricing, and currently some brands have raised prices by 5% to 10%.
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Release time:2018-12-25 00:00 reading:983 Continue reading>>
China's Xi is about to deliver a speech that could have major consequences for the <span style='color:red'>trade</span> war
Chinese President Xi Jinping is set to signal on Tuesday whether his idea of progress aligns with the West's increasingly vocal demands for less state control. That could have significant consequences for whether the U.S. reaches a trade deal with China by the end of its 90-day tariff ceasefire.Xi is scheduled to address his nation at 10 a.m. in Beijing (9 p.m. ET Monday) on the 40th anniversary of China's "reform and opening up."Dec. 18 commemorates how former Chinese leader Deng Xiaoping spearheaded the restructuring of the economy in 1978, paving the way for individual ownership in many industries and allowing foreign companies some access. Many credit the policy change for helping lift hundreds of millions out of poverty and turning China into an economic powerhouse that now ranks second only to the United States.However, many in the West say China did not achieve its success without stealing intellectual property and undermining global market forces with state support. Critics add that Beijing has benefited from joining the World Trade Organization in 2001 but has not followed commitments to reduce government control. After Xi assumed power in 2012, Beijing's initial policy was more market-oriented. But, in recent years, the direction has reversed and, as of this fall, reform is not moving forward in eight of 10 areas tracked by The China Dashboard, a joint project between the Asia Society Policy Institute and the Rhodium Group."China's private sector is shrinking for the first time in two decades — an extraordinary development contrary to the hopes seeded by the 2013 economic reform objectives and decades of talk about withdrawing the state from the marketplace," the Dashboard said in its Fall 2018 report.This year, Xi abolished the presidential term limit for his one-party-led country. The clause "Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" was also added to the Chinese constitution, following mentions of former Chairman Mao Zedong's and Deng's contributions.Meanwhile, the U.S. under President Donald Trump is stepping up pressure on China with tariffs on the bulk of the country's exports to America. Beijing retaliated with duties of its own, and the escalating trade tensions between the world's two largest economies have roiled global markets. Trump and Xi reached a temporary ceasefire earlier this month with the U.S., agreeing not to increase tariffs if the two countries can reach some resolution on issues such as forced technology transfer within 90 days.However, differing accounts of the temporary deal by Chinese state media and the White House hint at potential challenges in reaching an agreement. This month's arrest of Meng Wanzhou, chief financial officer of Chinese tech giant Huawei, in Canada for alleged violation of U.S. sanctions has only increased tensions. Adding to geopolitical concerns is China's detainment of two Canadians in the last week.China's leader may save the biggest pronouncements for negotiations with the U.S. on trade. Still, some hope the pressure from the West will push Xi to speed up restructuring of the economy and his remarks on Tuesday will be watched for signs of willingness to see "reform and opening up" as continued implementation of market-oriented policies. But if Xi chooses not to, he is likely setting China on a course that runs counter to an increasingly oppositional U.S., highlighted by Vice President Mike Pence's speech in October.As The China Dashboard put it: "The United States is closing the door to the prospect of compromise with China over economic practices and henceforth insisting on a decisive return to the earlier spirit of reform and opening as it was understood internationally.“
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Release time:2018-12-18 00:00 reading:1153 Continue reading>>

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