fredag 17. mai 2019

Huawei's $105 billion business at stake after U.S. broadside

The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network. The Trump administration has said it would add Huawei Technologies and 70 affiliates to its “Entity List” - a move that will likely ban the firm from acquiring U.S. components and technology without government approval, adding another incendiary element to the U.S.-China trade war. 

The ban is not yet effective. A similar U.S. ban on China’s ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted.