TOKYO (ANN): Japan's Panasonic said on Thursday (May 23) that it is suspending business with Huawei after a United States ban on the Chinese firm over security fears, in a new blow for the telecoms giant. "We've stopped all business transactions with Huawei and its 68 group companies... that are subject to the US government ban," Panasonic spokesman Joe Flynn said. Flynn said Panasonic's business with Huawei involves the supply of "electronic parts", but declined to provide further details. The moves follows a decision by US President Donald Trump to effectively ban US companies from supplying Huawei and affiliates with critical components, citing security concerns. US officials this week, however, issued a 90-day reprieve on the ban on dealing with Huawei, saying breathing space is needed to avoid huge disruption.

Source: The Star May 23, 2019 03:09 UTC