News Snapshot:
A report this week stated that Chinese smartphone maker Huawei is in danger of billions of dollars of revenue in the Asia Pacific region following recent United States sanctions from rating agency Standard & Poor’s. President Donald Trump’s administration introduced a new rule in MayForeign companies using US chipmaking devices are required to obtain a US license to sell certain semiconductors to Huawei or its affiliates. There is no indication that the US will approve those licenses.anytime soon. For its part, Huawei needs those semiconductors to produce its smartphones and telecommunications devices. According to S-P Global Ratings, the US-China confrontation...
