Sony, Kioxia seek U.S. approval to supply chips to China's Huawei

Sony Corp. and chip maker Kioxia Holdings Corp. are seeking U.S. approval to export semiconductors to Huawei Technologies Co. despite Washington’s imposition of sanctions on the Chinese telecom giant, sources familiar with the situation said Monday.Sony and Kioxia are major supplies of Huawei, which has a high market share in the smartphone market. If they fail to win U.S. approval to supply Huawei, it could hit earnings at the Japanese firms.U.S. export restrictions were fully put in place on Sept. 15, blocking Huawei from obtaining chips developed or produced using U.S. software or technolog…

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HEDGE accordingly