The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: DinoNavarre who wrote (6326)	9/9/2020 1:24:55 PM
From: elmatador	1 Recommendation Recommended By DinoNavarre Read Replies (1) of 13837

Korean component makers Samsung and SK Hynix will be forced to stop supplying Huawei on 15 September if they don’t get a special license from the US. While this is being extensively reported by South Korean media, the deadline for cutting off Huawei was set in place by the latest round of US restrictions unveiled last month. So Samsung and SK Hynix are in the same boat as Mediatek, being East Asian companies compelled to beg for US permission to go about their business. According to the reports the Korean companies have made their pilgrimage to the Bureau of Industry and Security, but there’s no indication of them having received a response, one way or the other. Since it’s hard to imagine any technology manufacturing process not using US products or intellectual property at some stage, BIS would have to contradict its own commandments in order to grant that permission, so the smart money is on it being declined https://telecoms.com/506397/samsung-set-to-cut-off-huawei-due-to-us-sanctions/

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