Panasonic, a Japanese company said that it is examining whether any of its products are breaking the US restrictions on trading with Huawei. The market will slide if Panasonic joins the list of firms walking away from Huawei. Panasonic is planning to join Google, Intel, and Qualcomm after the US banning Huawei, which might be the beginning of tech cold war.
last week, Huawei's name was added on the list of companies with which the US cannot do trade until they have a trade license. The restriction has escalated the ban of Huawei in the US, which they say will lead to security risk. Panasonic's statement was confusing when it said that they have suspended business with Huawei. They also said that they will join the growing list of companies to cut ties with Huawei by announcing that they will stop supplying some components to the Chinese technology conglomerate after the US banned Huawei for security risks and threat. But Panasonic said that they will continue their business operations with Huawei in which they are not breaching any US regulations.
The decision by the Japanese firm has crashed shares of Asia Pacific, and four major Japanese and British mobile carrier company said that they would delay releasing new Huawei phones. Trump administration, last week added Huawei the worlds second largest smartphone maker to its entity list, which bans Huawei from getting technology from US firms without Government approval.
Google, on the other hand, has stopped Huawei from getting any updates to their Android operating system. Which mean that Huawei's new phones will not be getting the latest updated Google apps.
For months, the US and China have been struggling for power, where Huawei has been the epicenter of it. Because of the law from the US, Huawei is facing a huge backlash from the Western countries for a possible risk caused by using its product in the next generation 5G mobile networks.
The US argues that the Chinese Government might use Huawei's product for surveillance, whereas Huawei denies such allegation stating that Huawei is independent of the Chinese Government.
Source:- https://www.bbc.com/news/business-48375411 ,
https://www.theguardian.com/technology/2019/may/23/huawei-markets-slide-as-panasonic-joins-list-of-firms-cut-ties
last week, Huawei's name was added on the list of companies with which the US cannot do trade until they have a trade license. The restriction has escalated the ban of Huawei in the US, which they say will lead to security risk. Panasonic's statement was confusing when it said that they have suspended business with Huawei. They also said that they will join the growing list of companies to cut ties with Huawei by announcing that they will stop supplying some components to the Chinese technology conglomerate after the US banned Huawei for security risks and threat. But Panasonic said that they will continue their business operations with Huawei in which they are not breaching any US regulations.
The decision by the Japanese firm has crashed shares of Asia Pacific, and four major Japanese and British mobile carrier company said that they would delay releasing new Huawei phones. Trump administration, last week added Huawei the worlds second largest smartphone maker to its entity list, which bans Huawei from getting technology from US firms without Government approval.
Google, on the other hand, has stopped Huawei from getting any updates to their Android operating system. Which mean that Huawei's new phones will not be getting the latest updated Google apps.
For months, the US and China have been struggling for power, where Huawei has been the epicenter of it. Because of the law from the US, Huawei is facing a huge backlash from the Western countries for a possible risk caused by using its product in the next generation 5G mobile networks.
The US argues that the Chinese Government might use Huawei's product for surveillance, whereas Huawei denies such allegation stating that Huawei is independent of the Chinese Government.
Source:- https://www.bbc.com/news/business-48375411 ,
https://www.theguardian.com/technology/2019/may/23/huawei-markets-slide-as-panasonic-joins-list-of-firms-cut-ties
Very informative blog
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