Panasonic halting business with Huawei after US ban

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

TOKYO: Japan's Panasonic said on Thursday (May 23) it is suspending business with Huawei after a US ban on the Chinese firm over security fears, ...

"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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not true

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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.
Source: BusinessTimes - 🏆 15. / 51 Read more »