Business & FinanceDealsTechnology
06 March 2023, 2:11 pm 1 minute
| Reuters exclusively reported that U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company. The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to Huawei, which was added to a U.S. trade blacklist in 2019 but which continues to receive billions in U.S. goods under a special plan implemented by the Trump administration. |
Market Impact
Qualcomm may incur a “moderate economic impact” from the change in policy, in contrast to Huawei, who “relies heavily on Qualcomm’s modem chips to support its smart phone offering.”
Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: AmericasAsia
Countries: ChinaUnited States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story