The extension would mark an end to business uncertainty for South Korea’s Samsung Electronics and SK Hynix who have invested billions in their chip fabs in China

New regulations are causing consternation that publishing apps in the world's second largest economy is set to become very difficult

"What kind of move is this?" one Weibo user said, as the Chinese telecom giant's much anticipated product event failed to give any new details on its 'sanctions-defeating' Mate 60 series

The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August

Top South Korean chipmakers Samsung and SK Hynix currently have permits to import US chip-making equipment into China, where they have extensive production facilities

China’s Ministry of State Security made the claims in a report titled “Uncovering the main despicable means of cyberattacks and secret theft by US intelligence agencies”

Huawei’s planned event comes on the heels of Apple’s iPhone 15 launch event held on Tuesday, which received mixed reactions in China

The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned for next year

The chief of one of the world’s biggest chip equipment-makers, ASML, said isolating China completely will ‘force’ the country to ramp up innovation

State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms

The development follows sanctions-hit Huawei's success in building an advanced 7-nanometer processor, in collaboration with state-backed SMIC

The landmark deal, signed when Beijing and Washington established diplomatic ties in 1979, needs to be renewed about every five years and is currently set to expire later this week