Panasonic to halt business ties with Huawei for security concerns

After the US imposed business restrictions on Huawei, a series of companies around the world have started to separate themselves from the firm and now another big tech firm has decided to take the same step as others.

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Japanese Panasonic said on Thursday it is stopping its business with Huawei after US ban over security concerns, Panasonic’s business with Huawei involves the supply of electronic parts.

We’ve stopped all business transactions with Huawei and its 68 group companies that are subject to the US government ban,” said Panasonic spokesman Joe Flynn.

“Yesterday an internal instruction to fully enforce that rule was issued. he added.

It is also being said that South Korea will be the next one to impose any action against the telecom giant and persuaded by the US in the direction to do so.

Mobile carriers in Asia and the UK has also announced that they would postpone the release of latest Huawei smartphones citing concerns Google’s services restrictions on the company.

Last week, the US Commerce Department added Huawei into the trade blacklist and imposed restrictions that’ll make it very difficult for the company to do business with American firms.

In response to this action, Huawei said it’s being bullied by the US government and the restrictions on the company are politically motivated.