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Everything that happened on Huawei’s Wednesday from hell

Huawei is having a horrible week, and it’s only Wednesday. Last Thursday, the Trump Administration placed the Chinese technology conglomerate on an Entity List, preventing US companies from doing business with it. And now we’re seeing Europe-based companies flee from Huawei, perhaps in an effort to avoid running afoul of the American authorities. Based in leafy Cambridge for all 28 years of its existence, and owned by Japan’s SoftBank, Arm Holdings’ designs form the basis of every smartphone processor in existence. According to a memo obtained by the BBC, ARM Holdings is instructing staff to suspend business with Huawei, over… …read more