Huawei keeps 2-year stock of US-made tech - report

Thursday, 28. May 2020 07:53

Huawei Technologies Co. Ltd. has amassed a stockpile of chips which were produced by companies from the United States that the Chinese tech giant deems vital, the Nikkei Asian Review reported on Thursday, citing unnamed insiders.

The report claims that the Shenzhen-based firm is investing its efforts to acquire Intel Corporation's high-end server central processing units (CPUs) and Xilinx Inc.-made programmable chips, with the stockpile itself being estimated to be sufficient for a period ranging from 18 months to two years.

Huawei's reported action has been taken in response to the US Department of Commerce's introduction of a rule that would prevent the Chinese company's acquisition of tech products made by American firms.

Related Links: Intel CorporationXilinx Inc.
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Breaking the News / MS