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Latest Tech News Tech Tech News Panasonic says it hasn’t stopped supplies to Huawei, still investigating

Panasonic says it hasn’t stopped supplies to Huawei, still investigating

Panasonic’s China unit said it continues to supply to Huawei, stressing that transactions not covered by the ban have been not affected.

By: REUTERS
Updated on: May 24 2019, 16:56 IST
Huawei is seeking about $1 billion from a small group of lenders, its first major funding test after getting hit with U.S. curbs that threaten to cut off access to critical suppliers. (Bloomberg)

Japan's Panasonic Corp said on Friday it has not stopped any shipments of components to Huawei Technologies, a day after it originally called for a halt of transactions in line with a US export controls against the Chinese firm.

"No transactions with Huawei have been suspended at the moment," a Panasonic representative told Reuters. "We are still making checks whether the ban applies to our products."

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The Osaka-based company said on Thursday it had "instructed employees to halt transactions with Huawei and its 68 affiliates subject to the U.S. ban."

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Its Chinese unit later released a separate statement that it continues to supply to Huawei, stressing that transactions not covered by the ban have been not affected.

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First Published Date: 24 May, 16:56 IST

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