By Barbara Jorgensen, EETimes
October 24, 2019
Xilinx Inc. is planning a future that does not include Huawei Technologies, CEO Victor Peng told analysts yesterday.
The chip maker has not received the necessary approvals to ship products to the Chinese networking giant, which the U.S. government has deemed a security risk.
Xilinx shipped $50 million worth of product to Huawei in its first fiscal (June) quarter -- just prior to U.S. trade restrictions imposed in May. “Considering the continued trade restrictions with Huawei and the uncertainty presented to our business, we believe it is prudent to remove all remaining revenue expectations related to Huawei from our fiscal 2020 outlook,” Peng said.
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