, Huawei's main source of chips for products such as smartphones and its networking gear. In addition, Huawei will struggle to find an alternative to TSMC to make the chips it requires, putting billions of dollars of revenue at risk.
The U.S. is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in U.S. technology and supply chains."Our business will inevitably be impacted.
The executive said the company still hasn't figured out a potential solution to the chip export rule and declined to give any financial forecasts.In a media statement released Monday, Huawei said it "categorically opposes" the new U.S. rule. "The U.S. is leveraging its own technological strengths to crush companies outside its own borders. This will only serve to undermine the trust international companies place in US technology and supply chains. Ultimately, this will harm US interests," the statement read.
Must Joe Kernen bring his right wing politics in on almost every subject. I want financial news. Over bearing!!
Huawei is the civilian arm of the Chinese military. They should be treated accordingly. Sometimes, the profit motive must take a back seat to national security.
Many of the WiFi Modems in PR, are what brand name again? 🇵🇷
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »