Huawei supply ban roils stocks as U.S. companies begin to cut off China tech giant

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

The Chinese tech giant won't receive future access to popular apps like Gmail, YouTube and Chrome.

An Android logo on a Huawei phone. By Jeanne Whalen , Jeanne Whalen Reporter covering business around the world Email Bio Follow Greg Bensinger , Greg Bensinger Reporter covering algorithms and artificial intelligence Email Bio Follow Ellen Nakashima and Ellen Nakashima National security reporter Email Bio Follow Hamza Shaban Hamza Shaban Technology reporter Email Bio Follow May 20 at 10:15 PM U.S.

The United States said last week it was adding Huawei to a trade blacklist because the company “is engaged in activities that are contrary to U.S. national security or foreign policy interest.” That punishment means U.S. firms aren’t allowed to sell to Huawei unless they get special approval from the government.

“The current practice of U.S. politicians underestimates our strength,” Ren said in a group interview with Chinese media Tuesday morning. Huawei had a stockpile of chips and “can’t be isolated” from the world, he said. “As one of Android’s key global partners, we have worked closely with their open-source platform to develop an ecosystem that has benefitted both users and the industry,” said spokesman Joe Kelly, adding that Huawei would continue to provide security updates and after-sales services to its existingsmartphone and tablet products.

Other analysts took a dimmer view of Huawei’s prospects. “They are still heavily, heavily dependent on U.S.-based companies for multiple different technologies,” said Geoff Blaber, vice president of research at CCS Insight. “While we are complying with all U.S. government requirements, services like Google Play [and others] will keep functioning on your existing Huawei device,” Google said in a statement on its Twitter account.But Google is suspending licensing agreements with Huawei for access to its Play app store, meaning future Huawei customers won’t have popular Google apps such as Gmail, the Chrome browser and even YouTube.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China opposes U.S. move to blacklist telecom giant HuaweiChina says opposes unilateral sanctions against its entities, as U.S. blacklists Huawei This will keep them occupied 😁 Whatever they mean by OPPOSES, we in the US don’t care anymore for the or about Chinese Fight on
Source: Reuters - 🏆 2. / 97 Read more »

Google Huawei ban: Will Chinese smartphone users lose access to Gmail, YouTube and Chrome apps?Google's parent company announced on Sunday it had suspended business with the Chinese tech giant. If you make it blatant, then yes, they will take it into consideration. Yes
Source: Newsweek - 🏆 468. / 52 Read more »

U.S. blacklists China's Huawei as trade dispute clouds global outlookThe Trump administration hit Chinese telecoms giant Huawei with severe sanctions... So when will China add a 20% tariff on Apple products exported to the USA? Huawei is a front company for Chinese intelligence & hacking Evil Turtleman.
Source: Reuters - 🏆 2. / 97 Read more »

Trump bans Huawei in U.S. markets, saying Chinese firm poses security threatWith trade talks at an impasse, Trump issues an executive order blocking U.S. companies from using products made by Huawei and other Chinese telecom firms. Read more about the man behind Huawei and how the Chinese company grew to become the world's biggest seller of telecommunications equipment. most definately abuse of power ! he is already a dictator ! Apparently GOP Has Found Something The Market Can't Handle, Competition! BlackLivesMatter Indivisible
Source: latimes - 🏆 11. / 82 Read more »

U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firmSHANGHAI/NEW YORK (Reuters) - The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already prepared for U.S. action. The U.S.
Source: YahooNews - 🏆 380. / 59 Read more »

Trump is being mocked on Chinese social media for giving Huawei free publicityTrump's executive order is expected to precede a ban on US companies buying Huawei telecoms equipment. Hes also mocked on US media.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google Huawei ban: Will users of Chinese Phones lose access to Gmail, YouTube and Chrome apps?Google's parent company announced on Sunday it had suspended business with the Chinese tech giant. Let's hope so! What’s YouTube gmail?chinese ask
Source: Newsweek - 🏆 468. / 52 Read more »

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firmThe U.S. government has temporarily eased trade restrictions imposed last week o... Underestimated all that they’ve stolen? Really? 700club cbngordon randpaul realDonaldTrump kennedynation foxnews sandrasmithfox marklevinshow rushlimbaugh danarohrabacher jaysekulow judgenap tedcruz dbongino before the solar flare, I will remember all the good stuff came from China, Japan, Korea etc.... Oh, what a world...if you can't make it don't begrudge everyone who can.
Source: Reuters - 🏆 2. / 97 Read more »

Blacklist mess: Huawei's $105 billion business at stake after U.S. broadsideThe latest U.S. broadside against Huawei that puts the Chinese firm on an export... Don’t worry, Huawei spend many years to prepare for this day. Come on, you know the “ban” won’t be taken in effect because he using it to “make a deal”. He’s losing the trade war and needs some leverage in win. U.S. should take reciprocal approach. China has already forbidden Google/Facebook/YouTube/Twitter. Next let kick Alibaba out of this country.
Source: Reuters - 🏆 2. / 97 Read more »

Trump’s new chokehold on Huawei threatens the telecom firm and U.S.-China trade talksThe Trump administration's moves against foreign technology firms could endanger the survival of Huawei and put U.S.-China trade talks at risk.
Source: latimes - 🏆 11. / 82 Read more »

Huawei ban clouds U.S.-China trade talks, tech sectorA U.S. bid to block China's Huawei Technologies from buying vital American ... OMG Climate change is real!!!!! Huawei rules !! As the nytimes Alleges A Conspiracy Between Mike Flynn and Trump, A Separate Investigation Reveals No One Plays Golf On Trump's Los Angeles Course; Plus, Nothing There Is Made In The USA.
Source: Reuters - 🏆 2. / 97 Read more »