It's been reported that Qualcomm will no longer supply with the components that it needs to continue building its worldwide 5G networks.
Real Money's Kevin Curran took a look at Qualcomm and the China impact.
The impact, while politically justifiable through this lens, has reverberated throughout the semiconductor space.
"We think that the U.S. government action against Huawei creates risk for chip companies that might have high exposure to Huawei," Nomura analyst David Wong wrote in a note on Sunday evening.
Qualcomm is clearly one such company, given it draws nearly two-thirds of its revenues from China -- and CEO Steve Mollenkopf noted Huawei was picking up market share in the important region in a conference call on May 1. Along with Xiaomi (XIACF) , the Chinese smartphone maker relationships are key opportunities for Qualcomm.