The currency strengthened by 3-and-a-half centavos to P55.79 against the dollar, while the benchmark Philippine Stock Exchange index added 20.35 points, or 0.33 percent, to close the day at 6,191.48.
China News: Chinese companies are reportedly buying US chipmaking equipment to produce advanced semiconductors, despite recent export curbs aimed at limiting Chin
The finding comes as the United States scrambles to figure out how Chinese telecoms giant Huawei was able to produce an advanced 7 nanometer chip to power its Mate 60 Pro smartphone at China's top chipmaker SMIC, despite the export curbs announced last year.
WASHINGTON: Chinese companies are buying up US chipmaking equipment to make advanced semiconductors, despite a raft of new export curbs aimed at thwarting advances in the country's semiconductor industry, a congressional report said on Tuesday (Nov 14). The 741-page annual report, released by the House of
Chip Export Curbs: With the Commerce Department using the 14 nanometer restriction limit, "importers are often able to purchase the equipment if they claim it is being used on an older production line, and with limited capacity for end-use inspections, it is difficult to verify the equipment is not being used to produce more advanced chips," the report stated.