The US semiconductor manufacturers including Intel, Qualcomm, Xilinx, and Broadcom have told their employees they will not supply critical software and hardware components to Huawei til further notice, reported Bloomberg citing a source.
These actions against Huawei started to make an impact on the company’s business perspectives, which concerned many of its customers about this situation and waiting for an official response from the company.
On May 15, The US president officially signed a trade blacklist, adding restrictions that’ll make the company very difficult to do business with American firms, which labeled as an action against national security threats.
The US believes that telecom equipment made by Huawei Technologies could be used to spy on the country and is under control by the Chinese state government. On the other hand, Huawei has always denied these allegations and said their equipment has no such threats.