Held on Tuesday and Wednesday, the meetings came soon after Beijing’s announcement that it was assembling a list of “unreliable” companies and individuals. The meetings also included semiconductor makers Arm of Britain and SK Hynix of South Korea. The involvement of three government bodies suggested a high level of coordination and likely approval from the very top of China’s opaque leadership structure. The intervention seemed designed to rally support for Huawei, though the company was not specifically mentioned, the two people said. In the meetings this week, Chinese officials explicitly warned companies that any move to pull production from China could lead to punishment, according to the two people.

Source: National Post June 09, 2019 16:30 UTC