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Panasonic joins US trade embargo on Huawei

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Panasonic joins US trade embargo on Huawei Empty Panasonic joins US trade embargo on Huawei

Post by rocky on Thu 23 May 2019, 6:44 am

Panasonic joins US trade embargo on Huawei 107072358_7
Panasonic joins US trade embargo on Huawei
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The Japanese electronics company Panasonic has decided to suspend all its business with China's Huawei and its 68 other companies in compliance with the US ban on the Chinese company.
Panasonic said on Thursday it had stopped shipping certain components to Huawei. The US ban applies to any products containing 25 percent or more of US technology or components, she said.
Panasonic has joined a growing list of companies that are distancing themselves from dealing with the Chinese giant after the US embargo because of what they say are "national security concerns."
Last week, the US Commerce Department banned Huawei from buying US goods because of these "concerns".
This came a day after four major Japanese and British mobile phone companies announced they were postponing their decision to allow the sale of Huawei phones with the new generation 5 G5 technology.
"We have suspended all business dealings with Huawei and its group of companies subject to a US government ban," a Panasonic spokesman said.
Panasonic's work with Huawei includes "electronic components", Flynn said. But he refused to give further details.
The Japanese company said US restrictions affect US-made products, where Panasonic manufactures some components there and then sends them to Huawei, which makes them part of the ban.


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