Anonymous ID: 8fbb9a Nov. 29, 2019, 12:52 p.m. No.7395431   🗄️.is đź”—kun   >>5588 >>5723 >>5798 >>6010

U.S. weighs new regulations to further restrict Huawei suppliers

 

The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipment maker, two sources said.

 

The U.S. Commerce Department in May placed Huawei Technologies on a trade blacklist, citing national security concerns. Putting Huawei on the entity list, as it is known, allowed the U.S. government to restrict sales of U.S.-made goods to the company, and some more limited items made abroad that contain U.S. technology.

 

But under current regulations, key foreign supply chains remain beyond the reach of U.S. authorities, prompting inter-agency discussions within the administration of President Donald Trump about possible changes to two key rules that could expand U.S. authority to block more foreign shipments to the company, giving more teeth to Huawei’s blacklisting, according to two people familiar with the matter.

 

The expansion of the rules is being considered even though the Trump Administration last week agreed to grant some reprieves on the existing ban and continues to seek a deal to de-escalate a bitter trade war.

 

If the Commerce Department makes the proposed rule changes, it will allow U.S. authorities to regulate sales of non-sensitive items, such as standard cell phone chips, made abroad with U.S.-origin technology, software, or components to Huawei, which is the world’s second largest smartphone maker.

 

Huawei and the Commerce department did not immediately respond to a request for comment.

 

The changes would represent “a major expansion of the reach of U.S. export controls and would be poorly received by U.S. allies and U.S. companies,” said Washington trade lawyer Doug Jacobson.

 

He predicted the actions would upset supply chains but that ultimately Huawei would find other companies to fill the gaps.

 

One rule the Commerce Department and sister agencies are focused on broadening is known as the De minimis Rule, which dictates whether U.S. content in a foreign-made product gives the U.S. government authority to block an export.

 

Officials also may expand the so-called Direct Product Rule, which subjects foreign-made goods that are based on U.S. technology or software to U.S. regulations.

 

It is not clear how close the administration is to making a decision about the changes, nor whether they would be introduced gradually or suddenly. It also was not immediately clear how the rule-making might take place, though sources said the changes would likely affect only Huawei.

 

In the months after Huawei was added to the entity list, suppliers such as Intel Corp (INTC.O), Xilinx Inc (XLNX.O) and Micron Technology Inc (MU.O) resumed some shipments to the Chinese company after conducting internal reviews to assess what products were not subject to the ban.

https://www.reuters.com/article/us-usa-huawei-tech-exclusive/exclusive-u-s-weighs-new-regulations-to-further-restrict-huawei-suppliers-sources-idUSKBN1Y320P

Anonymous ID: 8fbb9a Nov. 29, 2019, 1:26 p.m. No.7395584   🗄️.is đź”—kun   >>5628

Silk Road Medical sold by Warburg Pincus & Co.: $52.50m-Nov 26

 

Largest institutional shareholder of this

Silk Road Medical, Inc. produces and distributes surgical equipment. The Company offers develops and manufactures less-invasive medical devices intended to improve the treatment of carotid artery disease through proprietary trans-carotid therapies. Silk Road Medical serves medical sector in the United States.

https://www.bloomberg.com/profile/company/SILK:US

 

Warburg Pincus

In 1939 Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York, the Kuhn Loeb building. Throughout the early post-war period, the firm was a small office of 20 employees. In 1966, E.M. Warburg merged with Lionel I. Pincus & Co, forming a new company that eventually became known as E.M. Warburg, Pincus & Co. In 1965, when Eric Warburg retired to Germany, control was handed to Lionel Pincus, a partner in the Ladenburg Thalmann investment bank, and the working language of the office switched from German to English. Pincus ran the company from 1966 to 2002, and died in 2009.

 

Warburg Pincus began investing in Europe in 1983 and opened its first office in Asia in 1994. It has invested more than $5 billion in Europe; more than $3 billion in India and more than $3.3 billion in China. The firm is headquartered in New York and has offices in Beijing, Berlin, Hong Kong, Houston, London, Mumbai, San Francisco, SĂŁo Paulo, Shanghai and Singapore, with administrative offices in Amsterdam, Luxembourg and Mauritius.

 

The firm is structured as a global partnership led by co-presidents Charles Kaye and Joseph Landy.

https://en.wikipedia.org/wiki/Warburg_Pincus#Founding_and_early_history

 

https://www.finviz.com/insidertrading.ashx?oc=929408&tc=7&b=2