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

Dough Conditioners market Size and Forecasts Research Report 2020-2026
Author: Rahul Sankrityayan

The global Dough Conditioners market was valued at USD 3 Billion in 2018 and is projected to touch USD 4.5 Billion by 2026, developing at a CAGR of 5% from 2019 to 2026.

Decresearch has recently published a study titled ‘Global Dou...


Ginseng Extract market with Report In Depth Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026
Author: Rahul Sankrityayan

The global Ginseng Extract market was valued at USD 19.5 Million in 2018 and is projected to touch USD 35 Million by 2026, developing at a CAGR of 7.5% from 2019 to 2026.

 Decresearch has recently published a study titled ‘Glo...


Polyurethanes Market Comprehensive Analysis, Growth Forecast from 2020 to 2026
Author: Rahul Sankrityayan

The Polyurethanes Market report also delivers a concise analysis about the competitive landscape of this industry. All the details of the global Polyurethanes Market have been outlined in the report in exceptional deta...