The Cryptonomics™
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Reading: Bitmain denies connection to US provide chain investigation linked to Huawei chips
Share
Please enter CoinGecko Free Api Key to get this plugin works.
The Cryptonomics™The Cryptonomics™
Font ResizerAa
Search
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Follow US
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Copyright © MetaMedia™ Capital Inc, All right reserved
The Cryptonomics™ > Mining > Bitmain denies connection to US provide chain investigation linked to Huawei chips
Mining

Bitmain denies connection to US provide chain investigation linked to Huawei chips

admin
Last updated: October 28, 2024 6:40 pm
admin Published October 28, 2024
Share
Bitmain denies connection to US provide chain investigation linked to Huawei chips


Bitmain denies connection to US provide chain investigation linked to Huawei chips

Bitmain has issued an announcement distancing itself from latest media studies linking the corporate to a provide chain investigation involving Huawei. The Bitcoin mining gear producer emphasised that it’s not engaged in such investigations and reserves the proper to take authorized motion towards shops disseminating false data.

The assertion learn,

“BITMAIN focuses on designing cryptocurrency mining rigs. BITMAIN is just not concerned in or in any other case associated to the provision chain investigation as reported by the media just lately.

Any information alleging that BITMAIN is concerned within the aforementioned occasion is fake and baseless. BITMAIN reserves the proper to take authorized motion towards such media that publishes and disseminates false data.”

Per Reuters, Taiwan Semiconductor Manufacturing Firm (TSMC) suspended shipments to China-based chip designer Sophgo after discovering {that a} chip it produced was discovered on Huawei’s Ascend 910B AI processor. Huawei is restricted from buying such know-how on account of US nationwide safety considerations. The US Division of Commerce expanded its authority in 2020 to stop foreign-produced gadgets which might be the direct product of US know-how from reaching Huawei.

Sophgo, reportedly affiliated with Bitmain, had ordered chips from TSMC that matched these present in Huawei’s processor. Reuters reported that Bitmain acknowledged it complies with all legal guidelines and has by no means engaged in any enterprise relationship with Huawei. Sophgo offered an in depth investigation report back to TSMC to reveal its non-relationship with Huawei.

On account of US export restrictions, TSMC, the world’s largest contract chipmaker, has not equipped Huawei since mid-September 2020. The corporate proactively communicated with the US Division of Commerce however declined additional remark. Huawei additionally acknowledged it has not produced any chips through TSMC for the reason that imposition of US export guidelines in 2020.

Bitmain’s affiliation with Sophgo stems from shared co-founder Micree Zhan. Company data verify Zhan co-founded each firms. Sophgo has been described as a Bitmain affiliate and communicated with the US Federal Communications Fee utilizing a Bitmain electronic mail tackle named Xiamen Sophgo Applied sciences Ltd.

In 2021, Taiwanese prosecutors accused two Bitmain associates of illegally recruiting Taiwanese semiconductor engineers and conducting unauthorized analysis and growth actions. Based on the New Taipei prosecutors’ workplace, 4 Taiwanese defendants pleaded responsible and have been fined.

The US authorities has expressed ongoing considerations about China’s entry to superior semiconductor know-how, notably in areas associated to synthetic intelligence and nationwide safety. Huawei, a significant Chinese language telecommunications firm, has been below US sanctions since 2020, proscribing its skill to acquire superior chips and know-how that might pose dangers to US pursuits.

TSMC’s discovery of its chip on Huawei’s Ascend 910B processor prompted the corporate to inform US authorities and halt shipments to Sophgo. The Ascend 910B, launched in 2022, is taken into account considered one of a Chinese language firm’s most superior AI chips. Earlier than the 2020 restrictions, TSMC equipped chips for Huawei’s Ascend sequence.

The scenario pressures Chinese language firms to develop home options in superior semiconductor know-how. The interaction between worldwide commerce laws and technological developments continues to form the dynamics of the worldwide tech trade.

By firmly denying any involvement within the provide chain investigation, Bitmain goals to distance itself from potential authorized and regulatory repercussions. The corporate emphasizes its compliance with all legal guidelines and its lack of any enterprise relationship with Huawei to reassure stakeholders and preserve its place within the Bitcoin mining sector.

Talked about on this article

You Might Also Like

Betolar and Anglo American to collaborate on ‘inexperienced cement’ choices for Sakatti

Mainland China chipmaking capability set to outpace Taiwan by 2030

Metso acquires recycling operations to spice up mill lining companies providing

Trump household’s American Bitcoin mining firm readies to go public with up to date SEC S-4 submitting

Latnord gears up for mining sustainability centered convention in Luleå

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article XRP Worth Holds Regular in Consolidation: Is a Shift Coming? XRP Worth Holds Regular in Consolidation: Is a Shift Coming?
Next Article Value evaluation 10/28: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Value evaluation 10/28: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
The journey to a mature asset administration system
The journey to a mature asset administration system
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Instagram Linkedin Pinterest Tiktok Twitter Youtube
The Cryptonomics™

Cryptonomics Magazine is your premier digital source for blockchain insights, offering cutting-edge research, news, interviews, and ICO updates for everyone from entrepreneurs to institutions. We drive blockchain knowledge and growth.

Subscribe to our newsletter

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
July 6, 2025
Betolar and Anglo American to collaborate on ‘inexperienced cement’ choices for Sakatti
July 6, 2025
NFT Gross sales Hit +$128M This Week, As NFT Consumers Improve +50%
July 6, 2025
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
July 6, 2025
DOGE Rally To $0.25 Doable As Memecoins Outperform
July 6, 2025
Copyright © The Cryptonomics™ , All right reserved
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Join Us!

Subscribe & Stay Ahead of the Curve with Cryptonomics !

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?