Sony and Kioxia win approval for deliveries to HuaweiАнна Saveliev | 05.10.2020
After licensed by Intel, both companies have applied for permission from the United States to continue to supply Huawei.
Without a license in USA Sony and Kioxia will face risk to their incomes, as restrictions can cause oversupply of memory chips and lower prices. Recently Kioxia deferred plan
for the listing of several billion dollars because the tension between the United States and China clouds the situation on the market.
At the same time, an assessment of the impact of export restrictions on production and operations conducts SMIC. Recall that the trump agreed to consider the possibility of banning
American companies supply goods and services to the Chinese manufacturer of chips that led to the fall
of its shares, and the growth of demand for smartphones Huawei.
In September, the Bureau of industry under the Ministry of Commerce announced that from now on, certain companies must obtain a license before proceeding with the delivery of SMIC. The letter said that exports to
SMIC “may present an unacceptable risk of redirections to end military use”. The manufacturer no notification from the Ministry has not received and said that works
accordance with the laws and regulations of all jurisdictions in which it operates.
However, the company advised the shareholders and potential investors to “exercise caution in dealing in the securities of the Company.”
Hot topics: Trade war US-China