Global technology companies, including chip suppliers, are cutting off their tie...
- Global technology companies, including chip suppliers, are cutting off their ties with China’s Huawei Technologies Co after the Trump administration put the world’s largest telecom equipment maker on a trade blacklist, citing national security concerns.The government has effectively banned U.S. firms from doing business with Huawei, escalating the ongoing trade war.
** LUMENTUM HOLDINGS INC: The optical components maker said it discontinued all shipments to Huawei, adding it “intends to fully comply with U.S. imposed license requirements”. Huawei represented 18% of the company’s total revenue in the latest quarter.
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