International Perspective · July 27, 2026
① FCC Votes to Ban US Sales of Devices Containing Huawei/ZTE Components — Escalates from Whole-Device to Chip-Level Restrictions [详见中文版] — On July 22, the US Federal Communications Commission (FCC) voted to approve a new rule banning the sale of devices in the US that contain 'logic-bearing hardware components' manufactured by Huawei, ZTE, and other Chinese firms designated as national security risks. FCC Chairman Brendan Carr stated the rule aims to 'fully close the component loophole,' extending previous restrictions from whole-device bans to component-level restrictions. The rule covers any device containing chips, communication modules, or baseband processors from designated Chinese firms. (AP News / US News & World Report)
② China Retaliates Against EU Sanctions: 14 EU Entities Added to Export Control List — Third Use of Export Control Law in Three Months [详见中文版] — On July 25, China's Ministry of Commerce (MOFCOM) announced the addition of 14 EU entities — including Lafarge Group and others — to its export control list, prohibiting the export of dual-use items to these entities. The action is a direct retaliation against the EU's 21st round of Russia-related sanctions (July 23), which listed 14 Chinese mainland and Hong Kong enterprises. This marks China's third use of its export control law within three months, following April (7 entities over Taiwan) and May (first use of the Anti-Foreign Improper Extraterritorial Jurisdiction Regulation against EU FSR investigations). (AP News / ABC News)
③ CXMT (ChangXin Memory) Debuts on Shanghai STAR Market at RMB 579.1B — Asia's Largest 2026 IPO Amid Memory Sector Rout [详见中文版] — CXMT (ChangXin Memory Technologies, 688825.SH) officially lists on the Shanghai STAR Market today (July 27) at RMB 8.66/share with a total market capitalization of RMB 579.1 billion ($79.5B) — making it the largest A-share IPO of 2026 and the second-largest in STAR Market history after SMIC. CXMT is China's largest and the world's fourth-largest DRAM manufacturer. Q1 2026 revenue reached RMB 50.8B (+719% YoY), with H1 net profit estimated at RMB 50-57B. The IPO introduces a 'greenshoe' mechanism (over-allotment option) to stabilize post-listing trading. (Reuters / SCMP)