China and US war is Still On and it is becoming worst! The top United States partnerships including chipmakers and Google have going to solidify their provisions. the crucial software and components to Huawei Technologies Co. This is the step taken by Trump administration crackdown that is threatening to choke off China’s largest technology company.
Chipmakers that includes name like Intel Corp., Qualcomm Inc., Xilinx Inc., and Broadcom Inc. have told their employees they will not be supplying to Huawei prior any further notice. In addition to this, Alphabet Inc.’s Google has already cut off the supply of hardware and some software services to the Chinese tech giant.
The move has affected the world’s largest provider of networking gear and No. 2 smartphone vendor. The Trump administration on Friday blacklisted the Huawei Company which accuses of aiding Beijing in espionage and they are threatening to cut it off from the U.S. software and semiconductors that they need to make their own products. The sale blockage to Huawei of crucial components will also affect the businesses of American chip giants like Micron Technology Inc. Moreover, it will also slow the rollout of vital 5G wireless networks worldwide including in China. In turn, this will be hurt for U.S. organizations that are progressively dependent on the world’s second-biggest economy for development.
According to the statement of Ryan Koontz, an analyst at Rosenblatt Securities Inc. Huawei “Huawei is heavily dependent on U.S. semiconductor products and would be seriously crippled without a supply of key U.S. components,” He further added that The U.S.
The U.S. companies’ moves will increase the tensions between Washington and Beijing. This is elevating fears that President Trump’s goal is to contain China and trigger a protracted cold war between the world’s biggest economies. Due to the trade fight that is going on between the global markets for months, the U.S. is also putting pressure on its allies and foes to avoid using Huawei for 5G networks as this is going to be the backbone of a modern economy. We have a video for you, let’s watch that
Let’s see in the coming days in what direction this fight will lead China and the US.