While the Huawei Ban is Hurting Broadcom and Micron—it May Help Qualcomm and Ericcson [Fortune]
IHS Markit Ltd. Common Shares (INFO)
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Source: Fortune
While the Huawei Ban is Hurting Broadcom and Micron—it May Help Qualcomm and Ericcson When the U.S. decided to ban Huawei, it was intended as a backhanded slap over claimed security risks Fortune The ban—actually, the addition of the company to the Department of Commerce’s “Entity List”—is a two-way restriction on Huawei. Not only can it not sell products into the U.S., but American companies—particularly in high tech—face severe restrictions on what they can deliver to the Chinese company. “ as defined in the export regulations can’t be sold to Huawei without a license,” said Doreen Edelman, a partner at law firm Lowenstein Sandler and chair of the global trade and policy group. “Companies have to figure out how to change their supply chains or customer base or what they manufacture and sell.” And Huawei is a big customer to lose. It was the second largest smartphone seller in 2018 and the largest vendor of mobile infrastructure equipment, according to IHS Markit. The ban ensures tha
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