HUAWEI STOPS BUYING 4G CHIPS FROM AMERICAN CHIP MAKER

Qualcomm, a leading American semiconductor company, has recently confirmed that Huawei, a Chinese telecommunications giant, no longer requires its processors. This announcement comes amidst ongoing tensions between the United States and China over trade and technology restrictions. The confirmation by Qualcomm’s CFO that Huawei will not be purchasing 4G chips from the company in the future underscores the significant shift in the global technology landscape. This move will significantly affect the pockets of Qualcomm, and open up the door for other chip makers to compete.