Global tech companies shun Huawei after US ban

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

WASHINGTON: Global tech firms, including chip suppliers, are cutting ties with China's Huawei Technologies Co Ltd after the US government put the ...

Intel Corp, Qualcomm Inc , Xilinx Inc and Broadcom Inc told their employees they will not supply critical software or components to Huawei until further notice, Bloomberg reported on May 19.The optical components maker said on May 20 it discontinued all shipments to Huawei, adding it"intends to fully comply with US imposed license requirements". Huawei represented 18 per cent of the company's total revenue in the latest quarter.

The radio frequency chipmaker said on May 21 it expects first-quarter revenue to take a US$50 million hit due to a halt in shipments to Huawei. The Chinese firm represented 15 per cent of Qorvo's total revenue in the year ended Mar 30.Chief Executive Officer Vincent Roche on May 22 said his company will not be shipping anything to Huawei for the foreseeable future.

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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines