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Later in September, Kioxia announced it was delaying a long-anticipated IPO, which was expected to become the largest one on the Tokyo Stock Exchange this year. The manufacturer did not mention Huawei in its statement, but it explained the decision was due to stock-market volatility caused by the pandemic.
While both companies declined to comment on the news to Reuters, they are not the first ones from Huawei’s long list of suppliers to seek to bypass restrictions that forbid companies from selling products made with US technology to Huawei without a special license. For example, chip manufacturer Intel has already been granted such permission from the US government, it announced in September. Some other tech companies are believed to be still waiting for approval, such as South Korea’s Samsung and SK hynix, plus Qualcomm, and China’s top chipmaker SMIC.
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