Huawei ban could hurt chipmakers, raising fears of tech layoffs [CBS News]
Micron Technology, Inc. (MU)
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Source: CBS News
Huawei ban: Sanctions could hurt chipmakers, raising fears of layoffs - CBS News Huawei ban could hurt chipmakers, raising fears of tech layoffs May 21, 2019 / 8:30 AM Trump administration sanctions against Huawei have begun to bite, with stock prices slumping for U.S. companies that supply the Chinese tech powerhouse with computer chips. Huawei faces decimated smartphone sales with the anticipated loss of Google's popular software and services. The U.S. move escalates trade-war tensions with Beijing, but also risks making China more self-sufficient over time. Shares of U.S. tech companies slid on Monday Here's a look at what's behind the dispute and what it means. Entity list Last week, the U.S. Commerce Department placed Huawei its so-called Entity List , effectively barring U.S. firms from selling it technology without government approval. Google said it would continue to support existing Huawei smartphones but future devices will not have its flagship apps and services, including
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News
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha]Seeking Alpha
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times]The New York Times
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters]Reuters
- Micron, Biden-Harris Administration, U.S. Senate Majority Leader Schumer Announce $6.1B in CHIPS and Science Act Funding for Historic Planned Investment in Domestic Leading-Edge Memory Manufacturing in Idaho and New YorkGlobeNewswire
- Biden to announce preliminary deal with Micron for up to $6.14 billion in chip grants [Yahoo! Finance]Yahoo! Finance
MU
Earnings
- 3/20/24 - Beat
MU
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- MU's page on the SEC website