ARM to Stop Supplying to Huawei in Keeping With the US Ban

British semiconductor company ARM has halted all active contracts and engagements with Huawei.

Written by: Arslan Butt • Thursday, May 23, 2019 • 1 min read

• Last updated: Thursday, May 23, 2019

Making matters worse for Huawei after the US ban, British semiconductor company ARM has halted all active contracts and engagements with the company. According to a spokesman for ARM, “ARM is complying with the latest restrictions set forth by the U.S. government and is having ongoing conversations with the appropriate U.S. government agencies to ensure we remain compliant.”

This news comes on the back of Panasonic’s announcement on Wednesday to stop shipping some components to Huawei. ARM’s latest decision is set to have a bigger effect on Huawei’s smartphone business as its US-designed chips form the backbone of Huawei devices.

Australia and New Zealand have joined the US in blocking Huawei from bidding for contracts in their countries over threat to national security. According to news reports, the US is pressurizing Britain and South Korea also to follow suit and impose bans on Huawei.

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Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.