Panasonic halting business with Huawei after US ban

"We've stopped all business transactions with Huawei and its 68 group companies ... that are subject to the US government ban," Panasonic spokesman Joe Flynn told AFP."Yesterday an internal instruction to fully enforce that rule was issued," he added, saying Panasonic's business with Huawei involves the supply of"electronic parts".

The company, which makes a wide range of devices for smartphones, cars and factory automation equipment, declined to comment on which components are subject to the ban and where they are produced.The US Commerce Department blocked Huawei from buying US goods last week, saying the firm was involved in activities contrary to national security.

The United States temporarily eased the restrictions on Huawei on Monday, to minimise disruption for customers.

Not true

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Huawei ban fallout hits Nasdaq as US stocks fallNEW YORK: Shares of technology companies fell sharply on Monday (May 20) in down session for Wall Street after Google began to severe ties with ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

US: Stocks open higher on Huawei reprieve[NEW YORK] US stocks opened higher on Tuesday, with the Dow rising more than 100 points, as technology stocks rebounded after Washington temporarily eased trade restrictions imposed last week on China's Huawei. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »