Panasonic Suspends Business with Huawei
Newsfrom JapanEconomy Politics
Osaka, May 23 (Jiji Press)--Panasonic Corp. <6752> has suspended business with Huawei Technologies Co. and affiliates following Washington's decision to ban exports of U.S. products to the Chinese telecommunications equipment maker, officials at the Japanese electronics company said Wednesday.
Panasonic is committed to halting transactions banned by the United States as part of its policies to comply with U.S. export regulations, the officials said.
The decision by Panasonic is expected to affect dealings with Huawei by other Japanese companies. Panasonic is one of Huawei's partner firms.
Earlier on Wednesday, Japanese mobile phone operators KDDI Corp. <9433> and Softbank Corp. <9434> said they will postpone launching new smartphones made by Huawei.
On May 16, the U.S. Commerce Department added Huawei and 68 affiliates to its list of companies considered a threat to national security, prohibiting exports of U.S. products to them.
[Copyright The Jiji Press, Ltd.]