US Markets

Samsung Display gets U.S. licenses to supply some panels to Huawei - source

Credit: REUTERS/KIM HONG-JI

Samsung Electronics' display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei Technologies, a source familiar with the matter told Reuters on Tuesday.

SEOUL, Oct 27 (Reuters) - Samsung Electronics' 005930.KS display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei Technologies HWT.UL, a source familiar with the matter told Reuters on Tuesday.

With U.S.-China ties at their worst in decades, Washington has been pushing governments around the world to squeeze out Huawei, arguing that the telecom giant would hand data to the Chinese government for spying. Huawei denies it spies for China.

From Sept. 15, new curbs have barred U.S. companies from supplying or serving Huawei.

Samsung Display, which counts Samsung Electronics and Apple AAPL.O as major customers for organic light-emitting diode (OLED) display screens, declined comment.

Huawei was not immediately available for comment.

It is still unclear whether Samsung Display will be able to export its OLED panels to Huawei as other firms in the supply chain making components necessary to manufacture panels would also have to get U.S. licences.

Samsung's cross-town rival LG Display 034220.KS said on Thursday that it and other companies, including most semiconductor companies, need to get licences to resume business with Huawei.

Last month, Intel Corp INTC.O said it had received licences from U.S. authorities to continue supplying certain products to Huawei.

(Reporting by Heekyong Yang; Editing by Kim Coghill)

((Heekyong.Yang@thomsonreuters.com; +82 2 6936 1470;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AAPL INTC

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More