Huawei calls move to curb chips supply 'arbitrary', expects business impact

published 18.05.2020 13:35

Image of article 'Huawei calls move to curb chips supply 'arbitrary', expects business impact'

Guo said that Huawei spent $18.7 billion buying from U.S. suppliers last year and would continue to buy from them if the U.S. government would allow it.

“Huawei categorically opposes the amendments made by the U.S. Department of Commerce to its foreign direct product rule that target Huawei specifically,” it said in a statement, adding that Washington adding it to the entity list a year ago was also without justification.

The company was added to the Commerce Department’s “entity list” a year ago due to national security concerns, amid accusations from Washington that it violated U.S. sanctions on Iran and can spy on customers.

Huawei rotating chairman Guo Ping speaks during the Huawei Global Analyst Summit 2020 at the company's headquarters in Shenzhen, Guangdong province, China May 18, 2020.

It said Huawei has since remained committed to complying with all U.S. government rules and regulations, but despite its efforts, the U.S. government has decided to proceed and completely ignore the concerns of many companies and industry associations.