Huawei Technologies called on the US to reconsider its trade restrictions, which were hurting its suppliers globally.
The US has implemented trade curbs designed to choke Huawei’s access to commercially available chips.
The company's chairman, Guo Ping, pointed out that the US has modified its sanctions for the third time, bringing challenges to its production and operations.
Guo added that if the US reconsiders its policy, they are still willing to buy products from US companies.
But the US is not backing down from its fight with Huawei, saying last month that it would expand its “Clean Network” program to prevent various Chinese apps and telecom companies from accessing vital information on American citizens and businesses.
The US believes that Huawei is a vehicle for Chinese state espionage and from Sept. 15 imposed new curbs that bar US companies from supplying or servicing the company.
Huawei has repeatedly denied allegations.
Guo said that Huawei was feeling the pinch of the US restrictions on its smartphone chip stocks, although the company had sufficient chips for its business-to-business operations, including its 5G network enterprise.
Suppliers such as Qualcomm were applying for US licenses that would let them continue servicing Huawei.
Intel already received licenses to supply certain products to Huawei, while China’s Semiconductor Manufacturing International Corp, which uses US-origin machinery to produce chips for Huawei, has applied for a license.
Huawei was willing to use Qualcomm chips in its smartphones should the latter get a license.
Huawei recently announced that it would stop manufacturing its most advanced Kirin chips, which power its high-end phones.
The company's supply of Kirin chips is set to run out next year.
Amid concerns that Huawei's mobile division is about to fold, consumers rushed to buy Huawei phones by as much as $74.


Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 



