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Rogers Comments on Commerce Dept. Designation of Huawei
May 21, 2019 | Rogers CorporationEstimated reading time: 1 minute
Rogers Corporation commented that it has evaluated the recently issued U.S. Department of Commerce export control restrictions relating to Huawei Technologies Co. Ltd. and its affiliates and is implementing additional compliance processes for sales to Huawei’s fabricators and converters, which are Rogers’ direct customers. However, because of the uncertain impact of the new restrictions on Huawei’s global supply chain, it is unclear how demand for Rogers’ products may be affected.
Accordingly, the Company is unable to determine what impact, if any, this may have on its financial performance for the second quarter of 2019. The Company will continue to monitor these developments and seek to maintain compliance with applicable laws.
About Rogers Corporation
Rogers Corporation is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, and safety and protection applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.
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