Shares in some other suppliers including Shennan Circuits, Luxshare Precision Industry, Shenzhen Sunway Communication, and OFILM Group Co Ltd also surged.
Automobile Tubing Suppliers Trump said on Saturday the ban was unfair to US suppliers.Memory-chip maker Micron said last week it had resumed some shipments to Huawei, and chip maker Intel took similar action, according to the New York Times.
Huawei has denied its products pose a security threat.Google said last month it would not provide the Android operating system (OS) for Huawei phones after a temporary reprieve from the ban expired in August, but current models could still use the apps.Windsor said Huawei’s access to Google mobile products could remain blocked despite Trump’s remarks.OLED display panel maker BOE Technology Group and Shenzhen Goodix Technology, a maker of fingerprint sensors, climbed 10 per cent to their daily limit.Huawei was put on a US list in May that restricts US tech firms such as Alphabet Inc’s Google from doing business with the Chinese telecom network gear maker, viewed as a security risk by Washington amid trade tensions with Beijing. is unlikely to give Huawei the products it really needs,” Richard Windsor, founder of independent research firm Radio Free Mobile, said in a note.Trump's remarks were taken by some here tech bloggers here to mean that Google would be able to restore Huawei's access to Play Store and apps.“
It is fairly easy to argue that Google Mobile Services is unique and only available from the US and potentially could be considered a security threat depending on what data is going over those services,” he said.“
The White House’s apparent U-turn . Google said last month it would not provide the Android operating system (OS) for Huawei phones after a temporary reprieve from the ban expired in August, but current models could still use the apps.A Google spokesman in Singapore declined to comment on Monday.LOBBYING EFFORTAfter saying for weeks that it has access to enough non-US technology to carry on as usual, Huawei said last month it would take a USD 30 billion revenue hit.However, he did not say which US firms could resume supplying Huawei.Taiwan’s Foxconn, the world’s top contract electronics assembler, and contract chipmaker TSMC rose 3 per cent and 4 per cent respectively.Arthur Liao, a Taipei-based tech analyst at Fubon Securities, said it was unclear whether US tech firms can deliver components for Huawei’s future products or just components for existing lines.Trump said on Saturday the ban was unfair to US suppliers, who were upset that they could not sell parts and components to Huawei without US government approval..Several US companies stopped supplying Huawei in recent weeks, but quietly lobbied the US government to ease the ban, Reuters reported last month.“And even if it did, it is quite possible that fatal damage has already been done to Huawei’s smartphone business,” he said.
“National security concerns will remain paramount,” National Economic Council chairman Larry Kudlow said on Sunday, adding that Trump’s decision to allow expanded sales of US technology supplies to Huawei will leave the most sensitive equipment off limits..“We acknowledge the US president’s comments relating to Huawei and have no further comments at this time,” a Huawei spokesman told Reuters on Monday. (Photo: ANI) US President Donald Trump’s decision to allow US firms to sell “high tech” products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday, even as some experts wondered what had changed.The sanctions also prevent US telecom companies from buying network equipment from Huawei based on national security grounds.While analysts had doubts about what it meant for the company, shares in Huawei’s smartphone suppliers jumped in Asian trading on Monday as investors saw Trump’s comments as a positive sign for its smartphone sales
