Global technology companies are cutting ties with China's Huawei Technologi...
- Global technology companies are cutting ties with China’s Huawei Technologies Co Ltd after the U.S. government put the world’s largest telecom equipment maker on a trade blacklist, citing national security concerns.
Huawei is allowed to buy U.S. goods until Aug. 19 to maintain existing telecoms networks and provide software updates to its smartphones.** ALPHABET INC: Google on May 19 suspended the transfer of hardware, software and technical services to Huawei, except what it has made publicly available via open source licensing.
** QORVO INC: The radio frequency chipmaker said on May 21 it expects first-quarter revenue to take a $50 million hit due to a halt in shipments to Huawei. The Chinese firm represents 15% of Qorvo’s total revenue in the year ended March 30.his company will not be shipping anything to Huawei for the foreseeable future.** INPHI CORP: The optical communications chipmaker on May 22 lowered its second-quarter earnings forecast based on its understanding of the U.S.
** SYNOPSYS INC: The electronic products and software maker said on May 23 the company was restricting trade with Huawei and this will impact its revenue. ** MAXLINEAR INC: The maker of radio-frequency chips said it had discontinued all shipments to Huawei and its affiliates and cannot predict as to when it will be able to resume shipments.
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