Semiconductor companies will benefit from the Trump administration’s relaxing of sanctions on Huawei, but telecom equipment suppliers are still in the penalty box, CNBC’s Jim Cramer said Tuesday.
The “Mad Money ” host said he only expects a partial rollback on the blacklist that President Donald Trump issued on the Chinese telecommunications giant last month. The White House wants American companies to get ahead of Huawei in the race to roll out 5G infrastructure, the fifth generation of wireless technology.
“If you make plain vanilla tech that’s used for handsets, just for your phone … I’m betting you’re good to go,” he said. “But if you’re making components for telco infrastructure, I think you got a pretty big problem.”
Cramer expects the rollback will help Skyworks, Micron, Texas Instruments and Qorvo. Skyworks, which makes radio frequency chips for connected devices, is the biggest winner here, he said. While the chipmaker also has an infrastructure arm, the business…