Huawei says that it has been preparing for the 'insane' move by the U.S. to put it on the so-called 'Entity List,' which means American firms need to obtain a license before selling to the Chinese technology giant.
CNBC reached out to all four of those companies for comment about Huawei's inclusion on the Entity List. None have replied."This decision is in no one's interest. It will do significant economic harm to the American companies with which Huawei does business, affect tens of thousands of American jobs, and disrupt the current collaboration and mutual trust that exist on the global supply chain," a Huawei spokesperson said on Friday.
He Tingbo, president of Huawei chip division Hi-Silicon, called the American decision to put it on the Entity List "insane" in a letter to employees translated by CNBC. She said the company has been preparing for it for several years, and that Huawei has been creating "spare tires" — apparently referring to extra components that would allow the company to survive if the U.S. cut off the fresh supply.
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