Huawei Laments US Plans to Crimp Its Global Chip Supply

Last month, Huawei reported its weakest annual profit growth in three years for 2019.

Huawei Laments US Plans to Crimp Its Global Chip Supply

Huawei reported last month its weakest annual profit growth in three years

Highlights
  • US plans to curb Huawei's access to global chip supplies
  • Huawei dubbed the efforts as "unfortunate"
  • The plan, if finalised, could deal a blow to Huawei and TSMC
Advertisement

A Huawei Technologies executive on Tuesday described as "unfortunate" plans by the US government to curb the Chinese telecom equipment maker's access to global chip supplies.

Reuters reported last month that senior Trump administration officials agreed to new measures to force foreign chip manufacturers that use US equipment to seek a license before shipping to the blacklisted company.

Sources said the plan, if finalised, could deal a blow to Huawei and one of its key chip manufacturers, Taiwan Semiconductor Manufacturing. It could also hit US companies like KLA Corp, Lam Research, and Applied Materials, which provide chipmaking equipment.

Speaking on a webinar, Paul Scanlan, chief technology officer of Huawei's networking business, lamented the news, but appeared to dismiss concerns that the measures could hurt the company in the long run.

"Relating to things like the US government curtailing exports of chips to Huawei and things like this, and the other components, that is really unfortunate that the world has to go down this route," he said.

"But we spend $20 billion on (research and development) and that is probably ... why we make a lot of money."

Last month, Huawei reported its weakest annual profit growth in three years for 2019 and predicted the Chinese government would retaliate against new US trade restrictions.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Huawei, US, China, TSMC
Gamers Check Back in to Habbo Hotel as Coronavirus Refuge
TikTok's Time: Video Platform Sees Appeal Growing During Lockdowns
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »