In late May, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying they believe Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States and can’t any longer buy components from U.S. companies.
The jab on Huawei was just Trump seeking more leverage in the ongoing US-China trade war saga. Companies, in particular the semis have started to report lower guidance. For example, Nvidia and Intel recently lowered their guidance. The latest company to make an announcement regarding lowered guidance was Skyworks Solutions. However, one company, Quovo, that gets
Add your Scripsio!
Comments