Huawei’s Survival at Stake as US Sanctions Loom
Starting Sept. 15, China's telecom giant Huawei — once a symbol of Chinese technology prowess — will be cut off from essential supplies of semiconductors. Without those chips, Huawei cannot make the smartphones or 5G equipment on which its business depends, business analysts say.The sanctions against one of China’s most successful technology companies were announced in August, when the United States introduced a new set of rules that prohibit foreign chipmakers that rely on U.S. technology from selling any chips to Huawei without first obtaining a special license.In recent weeks, suppliers from South Korea and Taiwan have all indicated they will comply with the sanctions and cease their supply of semiconductors to Huawei on Tuesday, the day the new moves against the Chinese company comes into force.“Unfortunately, in the second…