In light of Huawei’s recently announced plan of stepping back from the chipset manufacturing business, Qualcomm, also a chipset manufacturer, is stepping up to fill the void for the Chinese company. It cites choosing other chipset maker to be a “big loss.”
In a report by The Wall Street Journal, Qualcomm is attempting to strike a deal with the US government by negotiate the removal of the restriction that prohibits chipmakers to sell their hardware to Huawei.
While binding, Qualcomm fears that the imposed ban will not necessarily cut off Huawei from the business and instead could only generate “billions of dollars” of revenue towards its competitors, namely Samsung and MediaTek.
In addition, the chipmaker also highlights how the competition has gotten an advantage in the industry since the restriction took place, pointing to a market that is estimated to be $8 billion per year in worth.