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Stock impact report

Huawei Launches New A.I. Chip As Company Enters ‘Battle Mode’ To Survive [Fortune]

Synopsys, Inc. (SNPS) 
Last synopsys, inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Fortune
Pinterest Huawei is adjusting to a new normal—launching products while in limbo over its status on the U.S. "foreign entities" list. “Definitely there will be challenges we have to tackle, the efficiency will not be as high and we will need to take on more workload but this is not an insurmountable challenge,” Xu said. However, Huawei founder and CEO Ren Zhengfei doesn’t sound so calm. In a memo to staff reported ' Live or die Huawei was first put on the DoC’s blacklist in May and the repercussions were instant. One of Huawei’s primary contract manufacturers, Flex, cut production cancelled the launch Google announced However, the impact of the prohibition was felt by the U.S. suppliers lobbied The DoC issued a second 90-day grace period on Monday this week, which it said was to allow time for rural U.S. network operators that rely on Huawei to transition off of the Chinese tech. However, at the same time, the DoC added a further 46 Huawei subsidiaries to the government’s blacklist. Th Show less Read more
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