Huawei response to ARM

huawei logo
Getty Images

Back to that memo chip designer ARM has sent to staff telling them to suspend business with Huawei.

This is what Huawei says: "We value our close relationships with our partners, but recognise the pressure some of them are under, as a result of politically motivated decisions. We are confident this regrettable situation can be resolved and our priority remains to continue to deliver world-class technology and products to our customers around the world.”

Who wins from the Huawei restrictions?

The US government has temporarily eased some restrictions on Huawei, giving telecoms operators that rely on Huawei equipment time to make other arrangements.

But what do all these restrictions on Huawei mean for the telecoms industry? Jake Saunders is a Managing Director at the tech consultants ABI Research.

View more on twitter

What's in today's papers?

Today's papers

The Financial Times leads with yesterday's Huawei story with the headline: "Huawei tees up its own phone software after Google ban".

Jaguar Land Rover's record losses are featured on the front pages of the business sections of the Guardian and Times, while the latter also goes with: "Silicon Valley hit by fears of technology cold war".

Intriguing headline, but what's the story? In short, the value of technology firms is being hit by the US-China trade war. Chipmakers Qualcomm and Broadcom have been hit, along with Apple and Alphabet.

Meanwhile the FT's Companies & Markets section leads with the news that Ford is cutting 7,000 jobs.

Huawei founder: US 'underestimates' our strength

Ren Zhengfei
Getty Images

Huawei founder Ren Zhengfei has hit back at US efforts to thwart the firm's global ambitions.

Mr Ren's comments to Chinese state media comes days after the Trump administration placed fresh restrictions on Huawei's ability to do business in the US.

"The current practice of US politicians underestimates our strength," Mr Ren said, according to CCTV.

"Huawei's 5G will absolutely not be affected. In terms of 5G technologies, others won't be able to catch up with Huawei in two or three years."