Huawei chief Eric Xu says the company is easing out of crisis mode – just weeks after being hit by a further ban imposed by the US government.

The struggling tech firm has reached licensing deals with top carmakers, including European giants like Audi, Porsche, Renault and Lamborghini

Huawei has been unable to acquire new integrated circuits after US trade sanctions cut-off its access to chips produced using US technology anywhere in the world

A leading indicator of the demand for technology globally, the island's export orders are also likely to see a significant decline in December

The US move to blacklist dozens of Chinese (and Russian) companies last week has had a significant impact on some of the firms named

Smartphone giant is the latest tech firm to lay off workers, as sales and revenue have taken a hit in recent months as China battled Covid outbreaks

Taiwan's government has opened an investigation into Chinese social media platform TikTok amid suspicion it illegally runs a subsidiary on the island

China plans a massive package to support its computer chip sector and will reportedly outlay over $143 billion over five years

The announcement comes after reports last month that the Taiwan-based manufacturer plans to quadruple the workforce at its iPhone factory in India

The memorandum was part of a "comprehensive strategic partnership agreement" King Salman signed with the Chinese President

The move followed pushback from trade groups like the US Chamber of Commerce which argued the measures would not further US national security

US prosecutors asked a judge on Thursday to dismiss bank fraud and other charges against a senior Huawei official arrested and held in Canada for several years.