Huawei says it expects great impact from US chip supply ban

published 18.05.2020 12:38

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A high-level executive of Huawei said Monday the company will find a solution to a new rule announced by the Trump administration that effectively cuts the Chinese telecommunications equipment maker off from global chip suppliers.

Why it matters: This is Huawei’s first official response to the new rule change made public on Friday.

Details: The Commerce Department’s rule would “inevitably” harm Huawei’s business to a great extent, said Guo Ping, the rotating chairman of Huawei, in a press conference Monday at the company’s headquarters in Shenzhen.

This new rule will impact the expansion, maintenance, and continuous operations of networks worth hundreds of billions of dollars that we have rolled out in more than 170 countries” Huawei spokesman Joe Kelly, reading from a company statement during the press conference.

Context: The Trump administration’s new rule, effective Friday but with a 120-day grace period, will block companies around the world from using American-originated equipment and software to design or produce chips that are supplied to Huawei or its subsidiaries.

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