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Huawei's smartphone chips are running out under U.S. sanctions

Yahoo Finance’s On The Move panel weigh in on the latest stories making headlines.

Video Transcript

JULIE HYMAN: You are looking at Huawei, which, short after-- shortly after becoming the largest smartphone maker, now says it's running out of chips for those smartphones.

- Yeah, it's-- the company is basically saying that because of the sanctions that the US has placed on it, it's going to run out of chips to put in their smartphones by next month. That means that they wouldn't be able to put in some of their high-end smartphone chips.

They may have to end up relying on their own designs. And basically this all comes down to Huawei being on the entity list and then not being able to get access to things like Qualcomm chips, which are usually put into a lot of Huawei devices.

Now, Qualcomm on Sunday was lobbying the Trump administration to try to get access to Huawei smartphones and basically allow them to send those chips over there. But still no movement quite yet. It'll be interesting to see what ends up happening here.

I'm sure Huawei will find a way to come up with chips. They'll find some other supplier. But you know, the fact that it's not US companies providing them to one of the largest, if not the largest, smartphone maker in the world, really will put a dent in some of the wallets of some of these US companies.

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