Why Jim Cramer Doesn't Think That Apple Will Buy Huawei's Chips

Credit: The Street
Published on April 15, 2019 - Duration: 01:09s

Why Jim Cramer Doesn't Think That Apple Will Buy Huawei's Chips

China's Huawei Technologies said it was open to the idea of selling cutting-edge 5G chips to Apple , according to a report from CNBC.

Huawei, which is the world's largest manufacturer of networking gadgets, is a leader in 5G or so-called fifth generation smartphone technology, wrote TheStreet's Simon Constable.

"We are open to Apple in this regard," said Huawei founder and CEO Ren Zhengfei, in an interview with CNBC.

Here's what Jim Cramer had to say about the news: I think Apple has to be suspicious of the president wants 5G, but the president doesn't want 5G from Huawei.

Now he did say that he's great friends with Huawei and we had a really good interview with CNBC, where I asked the reporter, just say, could you please ask him about a possible boycott of Huawei stuff.

He said, no, the president remains friends Huawei that's never going to happen.

We need Huawei because it generates jobs, Huawei cause it offers great value.

So, on the one hand you don't want to antagonize the president, who's talking about the Dow going up five thousand to ten thousand.

On another hand, you could see Huawei takes share.

Nokia was downgraded by Goldman to a sell, because Huawei is more competitive.

So I guess Huawei is the cheapest, some people think it's very good quality, but it is not what the president wants to see.

But, at the same time, the head of Huawei is saying the president likes them.

It's a very convoluted situation.

I don't see Apple switching to them anytime soon.

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