Economy

U.S. Prods Korea to Join Anti-Huawei Campaign

U.S. Prods Korea to Join Anti-Huawei Campaign

Some are calling this move by the United States a show of power, thus forcing the Chinese company to become more transparent.

Huawei smartphones had a 14percent share of the Singapore market a year ago, according to research firm Canalys. Chunghwa Telecom and Taiwan Mobile confirmed they will stop selling Huawei smartphones, while other wireless service providers will wait and see.

On Wednesday, mobile carriers in Japan and Britain said they were delaying releases of Huawei handsets.

On May 15, US President Donald Trump effectively banned Huawei with a national security order. Huawei stressed that it would create its own operating system if the Company was completed prohibited from using Google's of Microsoft's (NASDAQ: MSFT) systems. The ban on Huawei means that many Chinese users are supporting the company, and Apple's iPhones are expected to take a hit on this. Even before the 90-day delay was announced, Android has tweeted that Google Play and security features from Google Play Protect will continue to function on existing Huawei devices. However, whether or not Huawei itself will continue to make Arm chips in the future is still an open question.

Japan-based Panasonic has announced that the company has stopped shipments of certain components to Huawei Technologies in order to comply with USA restrictions on the Chinese company.

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However, U.S. Secretary of State Mike Pompeo kept up the pressure against Huawei in a CNBC interview on Thursday, saying its founder chief executive was lying about his company's ties to the Beijing government.

"The next move we make is to cut off all the IPOs, unwind all the pension funds and insurance companies in the USA that provide capital to the Chinese Communist Party", Bannon said.

However, Panasonic has now clarified that they are merely scrutinizing whether the trade restrictions affect their relationship with Huawei. "We are confident this regrettable situation can be resolved, and our priority remains to continue to deliver world-class technology and products to our customers around the world".

The bigger fear is that curbing imports of Huawei equipment could prompt Beijing to retaliate. "It will not be bought by our clients anymore", Hamida Norhamida, a saleswoman of new and used phones in Manila's Greenhills shopping centre told Reuters, adding that she felt relieved to have sold off her stock of Huawei P30 Pro ahead of Google's Monday announcement.

"How the USA ban on business with Huawei will impact the Chinese firm's performance is at this point unclear, but what is clear to me is that its sales will be negatively affected", said Hiroyuki Kubota, an independent financial analyst.


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