Qualcomm, Micron, and other U.S. companies are forbidden to trade with Huawei

Over 30 U.S. are forbidden to sell or transfer any technology or components to Huawei.
On May 16, Donald Trump signed an executive order, claiming that Huawei poses a spying risk to the country. After that, the Chinese technology giant was added to the U.S. Bureau of Industry and Security’s so-called “Entity List”.
Later, the Commerce Department specified that Huawei would be forbidden to buy from American companies, some of which supply computer chips for its products.
Many of those firms are publicly listed and took a battering by the close of U.S. trade on Thursday. $QCOM was down 4%, $MU was nearly 3% lower, and semiconductor firms $QRVO and $SWKS were down 7% and 6%, respectively.




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