MunichBecause of the US sanctions against Huawei, Siemens is also reviewing its business relations with the Chinese mobile phone manufacturer. A company spokesman confirmed on Friday a report by the “Frankfurter Allgemeine Zeitung”.
The US placed Huawei on a blacklist of companies whose business relationships with US partners are tightly controlled last week. Trump justified his steps with safety concerns against technology from China. He later relaxed the measures for 90 days.
German companies must now also check how much US shares Huawei has in their subcontracting products. Siemens supplies software for Huawei among other things according to company circles. How high the share of sales, was initially unknown. According to the circles, Siemens is exporting products worth 300 million euros from the USA to China and importing them from the Middle Kingdom to the same extent.
Earlier this week, it became known that Infineon, a chipmaker based in Munich, is ceasing its deliveries of US-made products to Huawei as a result of the US measures. However, according to the company, this is only a small fraction of the deliveries, which are otherwise continued.
Since the US government has so far not specifically substantiated the allegations against the Chinese technology group, many experts had seen the sanctions before the current Trump statements in the context of the trade conflict between the US and China.
The Chinese government complained on Thursday about an “economic harassment” by the US. Trump once again described Huawei as “dangerous” on Thursday in Washington, while promising to settle the dispute over Huawei in an agreement on US-China trade relations.
(t) Transactions (t) Donald Trump (t) Foreign Trade Policy (t) Foreign Trade (t) Foreign Investment (t) Foreign Trade with Land (t) Trade Sanctions (t) Protectionism (t) Infineon (t ) Electrotechnical products