Japanese electronics firm Panasonic said on Thursday it has halted the shipment of some components to Huawei and has stopped all business transactions with the firm following the now storied US ban on Huawei. At least, that’s what we thought, as the company has since decided backtracked on that statement, and will continue to supply parts to the embattled Chinese company.
Panasonic sent out an internal notification that it would suspend transactions with Huawei and its 68 affiliates that were banned by the US government. After scrutinising whether it was in breach of US sanctions by continuing to operate with Huawei however, Panasonic announced it would trade as normal with the Chinese company. “Huawei has always been an important partner with Panasonic Corp,” it said in a statement.
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“We will continue to sell commodities and provide service to our Chinese clients like Huawei, according to the law and regulations of the country and region which Panasonic Corp is located. By helping China, we will help our business grow in China too.”
Huawei also released a statement thanking Panasonic for its consistent support.
“Panasonic is an important partner of Huawei and the two sides work closely together in various fields,” it said. “All business cooperation between Panasonic and Huawei remains in continuous and normal progress. Thanks to Panasonic for its consistent support to Huawei. At the same time, we would like to thank all the global supplier partners who have supported Huawei’s business development over the long time.”
Even through these slew of massive setbacks, Huawei has yet to truly topple over. It’s quite shocking to see how well they’ve held up, but until we get concrete proof that Huawei can survive well, it’ll still be quite worrisome to watch. For more news on the Huawei ban, stay tuned here on Gizmochina.com.
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