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Huawei and suppliers make plans to face U.S. trade blacklist


Reuters


May 17 Reuters - China'sHuawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant's access to American technology, the Nikkei on Friday, citing sources familiar with the matter (graphic).

Taiwan Semiconductor Manufacturing Co Ltd said it will maintain supplies for the time being even though it was assessing the impact of Washington's decision, the report said.

Innolux Corp , which supplies screen to Huawei, said it will have an impact, but it was hard to determine its scope and that its shipping schedule for Huawei remained unchanged, according to the report.

Huawei, Taiwan Semiconductor Manufacturing Co, Innolux, Qualcomm and Qorvo did not immediately respond to a Reuters' request for comment.

The Trump administration on Thursday added Huawei to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the company from buying parts and components from American firms without U.S. government approval.






This article appears in: Stocks , World Markets , Economy




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