Panasonic has halted shipments of some components to Huawei in order to comply with US export restrictions, in the latest setback for the Chinese telecoms equipment maker.
In a statement on Thursday, the Japanese group, which makes car batteries, smartphone components and other devices, said it had sent an “internal notification that it should suspend transactions with Huawei and its 68 affiliates that were banned by the US government”.
Panasonic said the ban applies to its goods that are comprised of 25 per cent or more of US-based technology, software or materials. It declined to specify which of its components were affected, but the company considers the impact on its earnings to be limited for now.
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