Panasonic stops some component shipments to Huawei amid US ban
Date: 2019-05-25   Author: Paroma Bhattacharya  Category: #news

Panasonic stops some component shipments to Huawei amid US ban

The U.S. has recently lessened the restrictions on Huawei temporarily to reduce disruption for customers.

Japan-based Panasonic Corporation has reportedly announced that it has suspended shipments of some specific components to Huawei Technologies to adhere with the U.S. ban on the Chinese company.

Reportedly, Panasonic has instructed employees to stop transactions with Huawei and its 68 affiliates covered by the U.S. ban.

Panasonic has no major production site for components in the U.S., but the goods having 25 percent or more of the materials or technologies created by the U.S. will be banned.

Panasonic has declined to comment on which components are subject to the ban and where they are produced.

Last week, the U.S. commerce department blocked Huawei from buying U.S. goods. The department stated that Chinese company had been involved in activities contrary to national security.

The U.S. has recently lessened the restrictions on Huawei temporarily to reduce disruption for customers.

Reportedly, the U.S. has been advising its allies to restrict the use of products of Huawei in their 5G services. Huawei gear has been effectually banned in the U.S. owing to the Trump administration’s argument that the firm poses cybersecurity threat. Australia and New Zealand have taken measures to limit the use of Huawei gear. However, it has continued to be the key supplier in Europe.

For the uninitiated, Huawei recently won the Best All Rounder Award for its Optical Networking 2.0 (ON2.0) solution at 21st Next Generation Optical Networking (NGON) Event. It is another world-class award after Huawei’s 400G winning the Best Single-Channel Programmable 400 G Product Award at the 20th NGON last year. The award represents the international recognition of Huawei's optical network products and technologies by the optical networking sector.

For the record, Huawei technologies Company Ltd., is a Chinese global technology company which offers telecommunications equipment and markets consumer electronics. The company is headquartered in Shenzhen, Guangdong, China.

Source credit: https://www.moneycontrol.com/news/world/panasonic-suspends-some-component-shipments-to-huawei-amid-us-blacklist-4007871.html

https://www.cnbc.com/2019/05/23/panasonic-suspends-some-shipments-to-huawei-amid-us-blacklist.html



About Author


Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from...

Read More

More from Paroma


Post Recommendents

Polymeric Sand Market for commercial sector is likely grow at a CAGR of 6.5% by 2025
Author: Rahul Varpe

The Polymeric Sand Market 2019 Research Report investigates a thorough and complete study on Asphalt Mixing Plants market volume, market Share, market Trends, applications, Utilization ratio, Supply and demand analysis, manufacturing capacity and ...


Industrial Head Protection Market is anticipated to spur over the forecast period
Author: Rahul Varpe

The Industrial Head Protection Market 2019 Research Report investigates a thorough and complete study on Asphalt Mixing Plants market volume, market Share, market Trends, applications, Utilization ratio, Supply and demand analysis, manufacturing c...


North America Concrete Densification & Polishing Material Market is expected to grow at a CAGR over 3.5% by 2025
Author: Rahul Varpe

The Concrete Densification & Polishing Material Market 2019 Research Report investigates a thorough and complete study on Asphalt Mixing Plants market volume, market Share, market Trends, applications, Utilization ratio, Supply and demand anal...