US-China tensions rise as Trump bans chipmakers like Qualcomm to supply Huawei
Published by Terence Mahier | Source

The Trump administration just announced a blockage of shipments of semiconductors to Huawei in an action that could ramp up tensions with China 🇨🇳

Qualcomm, a wireless technology company developing the chips behind the 5G technology would end up cut-off from one of its major clients 🌐
The U.S. is trying to convince allies to exclude Huawei products from 5G networks on grounds its equipment could be used by China for spying 🕵️‍♂️

Whether or not you believe Trump, analysts agree that this "blame game" could lead to a full-scale trade war with consequences worst than the Coronacrisis 😱

Qualcomm is down 5%, will it keep sinking?

Extra Insights

The U.S. Commerce Department said it was amending an export rule to “strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology.”

Huawei, which needs semiconductors for its widely used smartphones and telecoms equipment, is at the heart of a battle for global technological dominance between the United States and China. But this little battle has consequences on the whole technological supply chain including Qualcomm & Apple 📱

Qualcomm is down 10% since Jan., up 30% from its bottom reached in the middle of the Pandemic last March 😅

What Happened on the market eventually?

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- Newspill Team 💊
15-May 09:12 (Eastern Time)

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