Gmo Trading

US chip makers Qualcomm, Intel and Xilinx are lobbying for the US Department of Commerce to relax the ban on working with the Chinese company Huawei. Reported by Reuters. Three of these companies were directly affected by the blacklisting of Huawei in the United States, since they supplied microchips to the electronics manufacturer. The Commerce Department announced the decision to blacklist Huawei in mid-May. This meant that working with a Chinese corporation and several dozen associated legal entities of a US company can only with the express permission of the US government. Such a move in Washington was explained by the fact that working with Huawei is a threat to the national interests of the country and its security. In 2018, Huawei purchased parts for $70 billion from partners. Of these, $11 billion relates to purchases from American companies, including chip manufacturers. Shares of chip manufacturers began to decline in April-May, when the US government on...

Google has suspended the provision of services and technical support for Chinese Huawei. The reason was the decision of the United States to add Huawei to the list of companies for which deliveries from the United States can be made only on the basis of special licenses. Huawei, which is the world's second largest smartphone maker, uses Google’s Android operating system. Last year, the Chinese company delivered 200 million smartphones to the market. Android is publicly available software, but Huawei will no longer be able to receive the various services provided by Google’s partners themselves. In the production of equipment, Huawei is also widely used by American semiconductors manufactured by Qualcomm, Intel and Broadcom. The total volume of purchases by the Chinese company of components in the USA is $ 11billion. However, it was the shares of American companies that went down. Alphabet (Google owner) lost 1.3% in price. Broadcom - 2,5%; Intel - 2.96; Qualcomm...