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Late Monday, it was known that a US ban on technology export to Huawei had been postponed for 90 days to allow software updates and other legal obligations.
So the blacklist had already managed to reduce the shares of technology. Not only in the United States, but also in Europe, where the index of technological shares fell 2.8%.
According to Reuters, it is the heaviest drop of more than four months.
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The ban also concerns European companies
It was learned that Google was ending its partnership with Huawei, the world's second largest smartphone maker. The three main processor manufacturers, Intel, Broadcom and Qualcomm, are also putting an end to their collaboration.
According to the Nikkei Asian Review, German chip maker Infineon has also decided to temporarily halt shipments to Huawei. Infineon and STMicroelectronics will discuss the ban and what to do next week.
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The Lawyers newspaper has proven that even companies that use a certain amount of American technology in their products are subject to the new regulations.
After the postponement, which was announced Monday, the damaged technology stocks in Europe are increasing.
return of technology
The Stoxx index, which tracks the sector, gained 1.41% Tuesday morning, most major sector indices.
The Austrian chip maker AMS grew by 2.77%, STMicroelectronics by 2.05% and Infineon by 0.21%.
The turnaround of the trade war also provides an easier day for manufacturers and suppliers in the auto industry, according to Reuters. The Stoxx index that followed started the day up 1.1% and 0.31% just after 11 am.
US President Donald Trump has ruled that Huawei represented a security risk because of his commitment to the Chinese authorities and declared their undesirable products in the United States.
The ban has not changed, but has been postponed to 90 days.
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