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                                    Can I invest in Huawei or smic legally as an American
                                </h1> <div class="user_slot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-91e9c5c4=""> <span class="user_desction" data-v-91e9c5c4="">
                                        
                                        9/8/2024 06:35am
                                    </span></div></div></div> <div class="seo-text-answer" data-v-91e9c5c4="">As an American, you cannot invest in Huawei or SMIC directly due to the US government restrictions.

1. **Huawei**: The US government has put various sanctions on Huawei, making it difficult for U.S. citizens to invest in the company. The USA government has banned the sale of new telecommunications equipment from China's Huawei Technologies and ZTE because they pose "an unacceptable risk" to U.S. national security.
2. **SMIC**: Similarly, SMIC, a leading Chinese chipmaker, is subject to the same restrictions. The U.S. Federal Communications Commission (FCC) has adopted new rules that effectively bar the sale or import of new equipment made by Chinese surveillance equipment maker Dahua Technology Co; video surveillance firm Hangzhou Hikvision Digital Technology Co Ltd; telecoms firm Hytera Communications Corp Ltd; and, of course, SMIC.

These restrictions are aimed at protecting national security, and as a result, it is not legally possible for U.S. citizens to invest in Huawei or SMIC.</div> <div class="dialog_answer" data-v-91e9c5c4=""><div class="dialog_content" data-v-91e9c5c4=""> <div class="answer_robot" data-v-91e9c5c4=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/AIme.ae832fb.png" alt="robot" class="avatar" data-v-91e9c5c4=""> <div class="user_name" data-v-91e9c5c4=""></div></div> <div class="question_content" data-v-91e9c5c4=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-4e97ba8a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-4e97ba8a=""> <div class="recommend-part" data-v-7790c618="" data-v-4e97ba8a=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img 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in the US affect investments in Huawei and SMIC?","llm_generated","What are the current market trends and news related to Huawei and SMIC?","What are the financials and performance metrics of Huawei and SMIC that investors should consider?","As an American, you cannot invest in Huawei or SMIC directly due to the US government restrictions.\n\n1. **Huawei**: The US government has put various sanctions on Huawei, making it difficult for U.S. citizens to invest in the company. The USA government has banned the sale of new telecommunications equipment from China's Huawei Technologies and ZTE because they pose \"an unacceptable risk\" to U.S. national security.\n2. **SMIC**: Similarly, SMIC, a leading Chinese chipmaker, is subject to the same restrictions. The U.S. Federal Communications Commission (FCC) has adopted new rules that effectively bar the sale or import of new equipment made by Chinese surveillance equipment maker Dahua Technology Co; video surveillance firm Hangzhou Hikvision Digital Technology Co Ltd; telecoms firm Hytera Communications Corp Ltd; and, of course, SMIC.\n\nThese restrictions are aimed at protecting national security, and as a result, it is not legally possible for U.S. citizens to invest in Huawei or SMIC.","search","Item 1 of 2 A person stands by a sign of Huawei during World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS\u002FAly Song\u002FFile Photo [1\u002F2]A person stands by a sign of Huawei during World Artificial Intelligence Conference, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, September 1, 2022. REUTERS\u002FAly Song\u002FFile Photo Purchase Licensing Rights , opens new tab Nov 25 (Reuters) - The Biden administration has banned approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) , opens new tab because they pose \"an unacceptable risk\" to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also effectively bar the sale or import of new equipment made by Chinese surveillance equipment maker Dahua Technology Co (002236.SZ) , opens new tab, video surveillance firm Hangzhou Hikvision Digital Technology Co Ltd (002415.SZ) , opens new tab and telecoms firm Hytera Communications Corp Ltd (002583.SZ) , opens new tab. The move represents Washington's latest crackdown on the Chinese tech giants amid fears that Beijing could use them to spy on Americans. \"These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications,\" FCC Chairwoman Jessica Rosenworcel said in a statement. Huawei declined to comment. ZTE Hytera and the Chinese embassy in Washington did not respond to requests for comment. Hikvision said in a statement that its products don't threaten U.S. security. \"This decision by the FCC will do nothing to protect U.S. national security, but will do a great deal to make it more harmful and more expensive for U.S. small businesses, local authorities, school districts, and individual consumers to protect themselves, their homes, businesses and property,\" Hikvision said, adding that it will continue to serve U.S. customers \"in full compliance\" with U.S. regulations. Dahua said in a statement that the order went \"far beyond\" the FCC's statutory authority and would do \"little or nothing\" to protect U.S. national security. It also stressed that the FCC move allows the company to sell previously authorized products and obtain new authorizations, as long as they are not marketed for public safety, government facilities, critical infrastructure, or national security. \"Given that Dahua’s products are not currently marketed for those purposes..., we are reasonably confident that this Order will allow us to continue to serve most of our U.S. customers for years to come,\" Dahua said. Rosenworcel circulated the proposed measure to the other three commissioners for final approval last month. The FCC said in June 2021 it was considering banning all equipment authorizations for all companies on the covered list. That came after a March 2021 designation of five Chinese companies on the so-called \"covered list\" as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks: Huawei, ZTE, Hytera Communications Corp Hikvision and Dahua. All four commissioners at the agency, including two Republicans and two Democrats, supported Friday's move. The agency said it has authority to revoke prior authorizations, but declined to do so, meaning that the sale of currently authorized products in the United States can continue. Sign up here. Reporting by Diane Bartz and Alexandra Alper in Washington and Ismail Shakil in Ottawa; Editing by Caitlin Webber, Alexandra Alper, Lisa Shumaker, Kim Coghill and Lincoln Feast. Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights","The Biden administration has banned approvals of new telecommunications equipment from China's Huawei Technologies and ZTE because they pose ...","2022-11-30",4,"Reuters The US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE, amid concerns over national security. Other companies listed include Hikvision, Dahua and Hytera, which make video surveillance equipment and two-way radio systems. It is the first time US regulators have taken such a move on security grounds. Hikvision said that its products present no security threat to the US. It said the decision \"will do nothing to protect US national security, but will do a great deal to make it more harmful and more expensive for US small businesses, local authorities, school districts, and individual consumers to protect themselves, their homes, businesses and property.\" Huawei and others have previously denied supplying data to the Chinese government. The US Federal Communications Commission (FCC) said its members had voted unanimously on Friday to adopt the new rules. \"The FCC is committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorised for use within our borders,\" the commission's chairwoman Jessica Rosenworcel said in a statement. \"These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications,\" she added. Because the ban is not retroactive, the firms listed can continue to sell products previously approved for sale in the US. But the FCC said it is seeking comment on future revisions to the rules regarding equipment already authorised to be imported or sold, meaning it is possible existing authorisations could also be revoked in the future. The restrictions in the US are the latest levied against Chinese tech firms following spying concerns, which US officials have become increasingly wary of in recent years. Under Barack Obama's administration, actions designed to limit Chinese telecoms firms' access to the US market first took root. They were then accelerated during the presidency of Donald Trump and have continued under current US President Joe Biden's rule. You may also be interested in: Huawei sues the US government","The US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE, amid concerns over national ...","2023-09-07",5,"agent_common_v2\nagent-summary","20003020172574850593600000000033","NONE","b0fb881eb23fb74f1a29ad1e835b712f",1725748505935,"search financial knowledge and rules","thinking",999,"As an American, you cannot invest in Huawei or SMIC directly due to the US government restrictions.\n\n1. **Huawei**: The US government has put various sanctions on Huawei, making it difficult for U.S. citizens to invest in the company. The USA government has banned the sale of new telecommunications equipment from China's Huawei Technologies and ZTE because they pose \"an unacceptable risk\" to U.S. national security[^4]",2000,"[^5]",".\n2. **SMIC**: Similarly, SMIC, a leading Chinese chipmaker, is subject to the same restrictions. The U.S. Federal Communications Commission (FCC) has adopted new rules that effectively bar the sale or import of new equipment made by Chinese surveillance equipment maker Dahua Technology Co; video surveillance firm Hangzhou Hikvision Digital Technology Co Ltd; telecoms firm Hytera Communications Corp Ltd; and, of course, SMIC[^4].\n\nThese restrictions are aimed at protecting national security, and as a result, it is not legally possible for U.S. citizens to invest in Huawei or SMIC.","choice","\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/195837b.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/e402278.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7c15041.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/69a864a.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/9579193.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/6726d3c.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/c69ce63.js" defer=""></script>