Huawei In More Trouble As Companies Stop Selling Components Due To Restrictions
KEY POINTS
- Huawei is losing more suppliers after the U.S. released new sanctions
- These include Samsung, SK Hynix and LG
- Huawei is now forced to look for suppliers elsewhere
Huawei is facing more trouble as more tech companies are suspending or have already suspended supplying parts and components necessary for the production of new devices.
A number of companies have decided to stop selling memory components and display panels to Chinese tech giant Huawei in compliance with stricter regulations, according to a pair of reports from leading South Korean newspaper Chosun Ilbo.
Memory problems
According to one of the Chosun Ilbo reports, Samsung Electronics and SK Hynix have decided to stop supplying memory components to Huawei after the Commerce Department announced new sanctions. The two companies will supply the Chinese company with parts until the Sept. 14 but will stop on the Sept. 15 – the day the sanctions take