UK chip designer ARM to suspend business with Huawei - BBC

LONDON, May 22 (Reuters) - Major British-based chip designer ARM is suspending business with China's Huawei to comply with U.S. regulations, the BBC reported on Wednesday, citing internal company documents.

ARM instructed employees to halt "all active contracts, support entitlements, and any pending engagements" with Huawei and its subsidiaries, the BBC said.

ARM, owned by Japanese investor Softbank 4726.T, said in an internal company memo that its designs contained technology of U.S. origin.

(Reporting by David Milliken; editing by Michael Holden)

((david.milliken@reuters.com; +44 20 7542 5109; Reuters Messaging: david.milliken.thomsonreuters.com@reuters.net))

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

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.