Chinese company is dealt an "insurmountable" blow as chip designer says it must comply with US trade ban.Read more
Back to that memo chip designer ARM has sent to staff telling them to suspend business with Huawei.
This is what Huawei says: "We value our close relationships with our partners, but recognise the pressure some of them are under, as a result of politically motivated decisions. We are confident this regrettable situation can be resolved and our priority remains to continue to deliver world-class technology and products to our customers around the world.”
SoftBank, the Japan conglomerate that owns UK chip designer ARM Holdings, has reported a 49% increase in profit to 715bn yen ($4.9bn) for the quarter to June.
Profits were boosted by the sale of its stake in Indian e-commerce giant Flipkart to US retail giant Walmart as well as selling off most of ARM Holding's Chinese operations.