Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
China vs. NASA: The New Moon Race and What's at Stake by 2030 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Meta Is Building an AI Version of Mark Zuckerberg to Interact With Employees 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
TSMC Posts Record Q1 2026 Profits Driven by Surging AI Chip Demand 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Asia FX Slides as Dollar Surges Amid U.S.-Iran Tensions and Inflation Fears 
Italy's Bond Market Under Pressure as Middle East Conflict Exposes Economic Fragility 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
SK hynix, South Korea's leading semiconductor producer, launches an investigation amid claims its chips were found in Huawei's Mate 60 Pro, despite no existing supply agreement between the firms.
SK hynix launched the probe as it denied having a supply contract with China's Huawei Technologies Co., Ltd., which makes consumer electronics and smart devices. In particular, the company firmly said it has not worked with the Chinese firm for some time now, so there is no way its chips would be used in the brand's new Mate 60 Pro phone.
This new Huawei phone model was reported to feature memory and flash storage made by SK hynix. This was discovered when the device was disassembled, revealing the Korean-made chips inside. The Mate 60 Pro has Hynix's LPDDR5 and NAND flash memory, which were uncovered by TechInsights - the group that split the device apart for Bloomberg News.
Korea Joongang Daily reported that SK hynix said it does not have knowledge of its mobile chips being used in the new Huawei phone. This prompted an immediate probe to find answers and resolve the situation.
"SK hynix doesn't do business with Huawei," the chipmaker's spokesman stated. "SK hynix, after acknowledging the fact that the company's memory chips were deployed in Huawei's newest products, reported immediately to the Bureau of Industry and Security under the U.S. Department of Commerce and initiated an investigation to figure out the issue."
Yonhap News Agency also reported that SK hynix already stopped its business with Huawei in 2020, which was around the time when the United States banned the supply of semiconductor products made with U.S. equipment and software. The ban was issued due to security concerns.
Finally, SK hynix revealed that before it launched the probe, it reported the case to the Bureau of Industry and Security, which operates under the U.S. Commerce Department. This is the agency that deals with matters regarding national security and technology.
Photo by: Zana Latif/Unsplash
