What's new

Markets slide as Panasonic joins list of firms walking away from Huawei

LeGenD

MODERATOR
Joined
Aug 28, 2006
Messages
15,813
Reaction score
162
Country
Pakistan
Location
Pakistan
Panasonic joins Google, Intel and Qualcomm following US ban in what is beginning to shape up as a tech cold war

Panasonic has joined the growing list of companies to sever ties with Huawei by announcing that it will stop supplying some components to the Chinese technology conglomerate after a US ban over security concerns.

The decision by the Japanese firm on Thursday sent Asia Pacific shares falling again and came a day after four major Japanese and British mobile carriers said they would delay releasing new Huawei handsets.

“We’ve stopped all business transactions with Huawei and its 68 group companies ... that are subject to the US government ban,” Joe Flynn, a Panasonic spokesman, said.

Full read: https://www.theguardian.com/technol...ide-as-panasonic-joins-list-of-firms-cut-ties
 
.
I foresee a global recession....all our economies are interconnected and the knock on effect/shockwaves are felt all over the world.

This is not an attack on Huawei, it’s an attack on Chinese ascendency.... the US is not playing fair...and the weird thing is the world is standing by speechless
 
. .
Poor Huawei is under severe attacks from all sides.
 
Last edited:
.
western corporation linked to politicians wah kya democrazy ta freedom. so they no diff from china backed corporations yet bitching n moaning. basically they couldn't compete so they started to look for excuse and cut china out, this is mafia talk n action. western corporation are not standalone enterprise but secretly backed by governmnet and both work together for dominance of the market but pretend they just two separate entities.
 
.
western corporation linked to politicians wah kya democrazy ta freedom. so they no diff from china backed corporations yet bitching n moaning. basically they couldn't compete so they started to look for excuse and cut china out, this is mafia talk n action. western corporation are not standalone enterprise but secretly backed by governmnet and both work together for dominance of the market but pretend they just two separate entities.

off course they, US govt wages wars for their oil companies
 
. . .
Panasonic Denies Cutting Off Ties With Huawei Amid US Pressure Campaign
REUTERS / Aly Song
ASIA & PACIFIC
14:13 23.05.2019(updated 14:32 23.05.2019) Get short URL7201

The US recently intensified its pressure on China’s Huawei accusing it of installing backdoors in hardware to enable espionage and cyberattacks on behalf of Beijing, something that the tech giant denies. Washington has subsequently banned Huawei from buying American software and chips.

Japanese electronics company Panasonic has denied reports that it ceased transactions with Huawei and around 70 other Chinese firms, recently added to a list of firms banned from operating in the US. According to the company's Chinese website, Panasonic is continuing to supply Huawei as usual.

The now refuted suspension of ties between the two companies was earlier reported by FNN and AFP. The reports came in the wake of similar ones from other companies across the globe ceasing their operations with Huawei in the face of US pressure.

This includes Japan's Toshiba halting supplies to Huawei until the company ensures they don't contain parts, produced in the US and thus are subject to the recent ban. British chip designer ARM also froze its ties with Huawei as some of its designs are based on US technologies. Huawei smartphones allegedly rely quite heavily on ARM's chip designs.

At the same time, Korean newspaper Chosun Ilbo reported that the US State Department has repeatedly pressured South Korean authorities to stop using LG Uplus Corp equipment "in sensitive areas", because the company utilises some of Huawei's hardware. LG stated that it has not received any demands to stop using Huawei technologies, either from South Korea, or from the US. Neither of the states in question has confirmed the report so far.

South Korea was not the first country that the US pressured into abandoning Huawei. Washington threatened its European allies that it would "reassess" its intelligence-sharing policies, if they decide to allow the Chinese tech giant to participate in the construction of 5G telecom networks. The UK reportedly ignored the warning and will use Huawei equipment in the non-core systems of the future network.

The US claims that Huawei embeds its equipment with backdoors under Beijing's directives to allow the Chinese government to spy on users worldwide as well as conduct cyberattacks. Although the company vehemently denies the accusations, Washington labelled the Chinese tech company as a national security threat and recently banned it along with around 70 Chinese companies from obtaining US-made technologies.

The move led to Google ceasing support for the Android operating system for all future Huawei devices and blocking their access to its services. US chip producers, such as Intel and Qualcomm, have also reportedly cut their ties with Huawei.

The company announced the start of legal proceedings in light of the ban, and stated that it will not affect its deployment of 5G networks. According to a report by Bloomberg, the company has had a "Plan B" in case of such a ban for about a year, which will allow their devices to get updates and the needed software.

This includes Japan’s Toshiba halting supplies to Huawei until the company ensures they don’t contain parts, produced in the US and thus are subject to the recent ban.

British chip designer ARM also froze its ties with Huawei as some of its designs are based on US technologies. Huawei smartphones allegedly rely quite heavily on ARM’s chip designs. (NAN)

https://sputniknews.com/asia/201905231075263851-panasonic-huawei-us-pressure/
 
.
Panasonic joins Google, Intel and Qualcomm following US ban in what is beginning to shape up as a tech cold war

Panasonic has joined the growing list of companies to sever ties with Huawei by announcing that it will stop supplying some components to the Chinese technology conglomerate after a US ban over security concerns.

The decision by the Japanese firm on Thursday sent Asia Pacific shares falling again and came a day after four major Japanese and British mobile carriers said they would delay releasing new Huawei handsets.

“We’ve stopped all business transactions with Huawei and its 68 group companies ... that are subject to the US government ban,” Joe Flynn, a Panasonic spokesman, said.

Full read: https://www.theguardian.com/technol...ide-as-panasonic-joins-list-of-firms-cut-ties
FAKE NEWS
https://www.scmp.com/news/asia/east...anasonic-suspends-business-chinese-firm-south
Panasonic insists it has not suspended business with Huawei

https://www.channelnewsasia.com/new...plies-to-huawei--still-investigating-11562624
Panasonic says has not stopped supplies to Huawei

Donald Trump must be desperate seeing the number of Despicable FAKE NEWS coming out.
Haha, Joe Flyn spokesman for Panasonic.
When did Panasonic HQ in Japan have a junior Caucasian staff represent them?
.
 
.
I foresee a global recession....all our economies are interconnected and the knock on effect/shockwaves are felt all over the world.

This is not an attack on Huawei, it’s an attack on Chinese ascendency.... the US is not playing fair...and the weird thing is the world is standing by speechless

is China playing fair ?
 
.
Back
Top Bottom