EVGA

AMD Takes a Bigger Revenue Hit than Microsoft from Huawei Ban: Goldman Sachs

Author
rjohnson11
EVGA Forum Moderator
  • Total Posts : 102253
  • Reward points : 0
  • Joined: 2004/10/05 12:44:35
  • Location: Netherlands
  • Status: offline
  • Ribbons : 84
2019/05/21 02:09:12 (permalink)
https://www.techpowerup.com/255772/amd-takes-a-bigger-revenue-hit-than-microsoft-from-huawei-ban-goldman-sachs
 
The trade ban imposed on Chinese tech giant Huawei by the U.S. Department of Commerce, and ratified through an Executive Order by President Donald Trump, is cutting both ways. Not only are U.S. entities banned from importing products and services from Huawei, but also engaging in trade with them (i.e. selling to them). U.S. tech firms stare at a $11 billion revenue loss by early estimates. Wall Street firm Goldman Sachs compiled a list of companies impacted by the ban, and the extent of their revenue loss. It turns out that AMD isn't a small player, and in fact, stands to lose more revenue in absolute terms than even Microsoft. It earns RMB 268 million (USD $38.79 million) from Huawei, compared to Microsoft's RMB 198 million ($28.66 million). Intel's revenue loss is a little over double that of AMD at RMB 589 million ($84 million), despite its market-share dominance.
 
Looks like the trade ban is going to hurt a lot of American companies. 

AMD Ryzen 9 7950X,  Corsair Mp700 Pro M.2, 64GB Corsair Dominator Titanium DDR5  X670E Steel Legend, MSI RTX 4090 Associate Code: H5U80QBH6BH0AXF. I am NOT an employee of EVGA

#1

0 Replies Related Threads

    Jump to:
  • Back to Mobile