Qualcomm Confirms Report U.S Revokes Intel, Qualcomm's Export License To Sell To China's Huawei, Says 'We will continue to comply with all applicable export control regulations'
Portfolio Pulse from Benzinga Newsdesk
Qualcomm has confirmed reports that the U.S. has revoked its and Intel's export licenses to sell to Huawei, a major Chinese tech company. Qualcomm stated its commitment to comply with all applicable export control regulations.

May 08, 2024 | 1:57 pm
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Intel's export license to sell to Huawei has been revoked by the U.S., affecting its business dealings with Huawei.
Intel's revocation of its export license to sell to Huawei signifies a direct impact on its ability to conduct business with Huawei. This decision by the U.S. government could lead to a decrease in Intel's revenue from Huawei, affecting its short-term financial outlook. Intel's commitment to comply with export regulations is noted, but the loss of Huawei as a customer could have negative financial implications.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Qualcomm's export license to sell to Huawei has been revoked by the U.S., impacting its business operations with Huawei.
The revocation of Qualcomm's export license to Huawei by the U.S. government directly impacts Qualcomm's ability to sell to one of its customers, potentially affecting its revenue from sales to Huawei. Compliance with export control regulations is critical, but the inability to transact with Huawei could negatively impact Qualcomm's short-term financial performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90