British firm ARM, Japan's Panasonic halt business with Huawei following U.S. ban

日파나소닉•英ARM•화웨이와 거래중단…화웨이 최대 위기Japanese and British companies are cutting ties with Huawei... falling in line with the Trump administration's blacklisting of the company.The British firm ARM, in particular, is a crucial loss because it develops Huawei's chip designs.Kim Mok-yeon has this report. Japanese tech company Panasonic has announced it is suspending business with Huawei, in a bid to comply with the U.S. ban on the Chinese firm.Panasonic's spokesman Joe Flynn told AFP on Thursday, that the company has stopped all business transactions with Huawei and its 68 affiliates that are covered by the U.S. ban.Panasonic, which manufactures a wide range of devices for smartphones, cars and factory equipment, stopped short of saying exactly which components are subject to the ban.The previous day, a major British-based chip designer ARM decided to cut all ties with Huawei.The BBC reported that the company instructed all its staff to follow suit to go in line with the ban.The latest announcements are expected to deal a significant blow to Huawei, as the Chinese company depends highly on ARM to develop its smartphone processors and on Panasonic for electronic components.Since last year, the Trump administration had been encouraging a boycott against Huawei, citing concerns over national security.Washington's allies Australia and New Zealand hopped in, with both countries limiting their transactions with Huawei in their 5G network business. Kim Mok-yeon, Arirang News.