Bitmain has issued an announcement distancing itself from current media experiences linking the corporate to a provide chain investigation involving Huawei. The Bitcoin mining tools producer emphasised that it’s not engaged in such investigations and reserves the appropriate to take authorized motion towards retailers disseminating false info.
The assertion learn,
“BITMAIN specializes in designing cryptocurrency mining rigs. BITMAIN is not involved in or otherwise related to the supply chain investigation as reported by the media recently.
Any news alleging that BITMAIN is involved in the aforementioned event is false and baseless. BITMAIN reserves the right to take legal action against such media that publishes and disseminates false information.”
Per Reuters, Taiwan Semiconductor Manufacturing Firm (TSMC) suspended shipments to China-based chip designer Sophgo after discovering {that a} chip it produced was discovered on Huawei’s Ascend 910B AI processor. Huawei is restricted from buying such know-how as a result of US nationwide safety issues. The US Division of Commerce expanded its authority in 2020 to stop foreign-produced gadgets which might be the direct product of US know-how from reaching Huawei.
Sophgo, reportedly affiliated with Bitmain, had ordered chips from TSMC that matched these present in Huawei’s processor. Reuters reported that Bitmain acknowledged it complies with all legal guidelines and has by no means engaged in any enterprise relationship with Huawei. Sophgo offered an in depth investigation report back to TSMC to reveal its non-relationship with Huawei.
As a consequence of US export restrictions, TSMC, the world’s largest contract chipmaker, has not provided Huawei since mid-September 2020. The corporate proactively communicated with the US Division of Commerce however declined additional remark. Huawei additionally acknowledged it has not produced any chips through TSMC for the reason that imposition of US export guidelines in 2020.
Bitmain’s affiliation with Sophgo stems from shared co-founder Micree Zhan. Company information verify Zhan co-founded each firms. Sophgo has been described as a Bitmain affiliate and communicated with the US Federal Communications Fee utilizing a Bitmain e mail handle named Xiamen Sophgo Applied sciences Ltd.
In 2021, Taiwanese prosecutors accused two Bitmain associates of illegally recruiting Taiwanese semiconductor engineers and conducting unauthorized analysis and growth actions. Based on the New Taipei prosecutors’ workplace, 4 Taiwanese defendants pleaded responsible and had been fined.
The US authorities has expressed ongoing issues about China’s entry to superior semiconductor know-how, significantly in areas associated to synthetic intelligence and nationwide safety. Huawei, a significant Chinese language telecommunications firm, has been beneath US sanctions since 2020, proscribing its means to acquire superior chips and know-how that would pose dangers to US pursuits.
TSMC’s discovery of its chip on Huawei’s Ascend 910B processor prompted the corporate to inform US authorities and halt shipments to Sophgo. The Ascend 910B, launched in 2022, is taken into account one in every of a Chinese language firm’s most superior AI chips. Earlier than the 2020 restrictions, TSMC provided chips for Huawei’s Ascend collection.
The scenario pressures Chinese language firms to develop home options in superior semiconductor know-how. The interaction between worldwide commerce laws and technological developments continues to form the dynamics of the worldwide tech trade.
By firmly denying any involvement within the provide chain investigation, Bitmain goals to distance itself from potential authorized and regulatory repercussions. The corporate emphasizes its compliance with all legal guidelines and its lack of any enterprise relationship with Huawei to reassure stakeholders and preserve its place within the Bitcoin mining sector.
