Panasonic insists it has not suspended business with Huawei despite earlier statement saying US ban would be enforced
* Panasonic’s business with Huawei involves the supply of ‘electronic parts’
* The global market for components used by Huawei is worth US$70 billion
Japan’s Panasonic on Thursday released a statement on its China website claiming it continues to supply Huawei as normal. It followed an earlier statement from the company saying it had stopped shipments of certain components to Huawei.
“Currently Panasonic Corp is still supplying for Huawei. The reports from online media about being out of stock are simply untrue,” the statement said.
“Huawei has always been an important partner with Panasonic Corp. We will continue to sell commodities and provide service to our Chinese clients like Huawei, according to the law and regulations of the country and region which Panasonic Corp is located. By helping China, we will help our business grow in China too.
“Panasonic is an important partner of Huawei and the two sides work closely together in various fields,” it said. “All business cooperation between Panasonic and Huawei remains in continuous and normal progress. Thanks to Panasonic for its consistent support to Huawei.
The global market for components used by Huawei is worth US$70 billion.
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