Trump’s Huawei ban also causing tech shocks in Europe
https://techcrunch.com/2019/05/20/trumps-huawei-ban-also-causing-tech-shocks-in-europe/
The escalating US-China trade war that’s seen Chinese tech giant Huawei slapped on a US trade blacklist is causing ripples of shock across Europe too, as restrictions imposed on US companies hit regional suppliers concerned they could face US restrictions if they don’t ditch Huawei.
Reuters reports shares fell sharply today in three European chipmakers, Infineon Technologies, AMS and STMicroelectronics, after reports suggested some already had, or were about to, halt shipments to Huawei following the executive order barring US firms from trading with the Chinese tech giant.