Ban on Huawei is also hurting U.S. tech firms; Qualcomm is one example

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While there is no question that Huawei’s placement on the U.S. Commerce Department’s Entity List has hurt the manufacturer the most, something pretty big is being overlooked. The firm’s U.S. suppliers are losing out on business that brought in $11 billion last year. That is the amount of money that Huawei paid U.S. suppliers in 2018, and it won’t be replaced by doing business with another company. Chip designer Qualcomm is a good example of how the Huawei ban is actually hurting American firms.
Yesterday afternoon, according to MarketWatch, Qualcomm reported its earnings …

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