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Last week the US put Huawei on a list of companies that American firms cannot trade with unless they have a license.
Axar.az reports citing BBC.
The ban applies to goods having 25% or more of US-originated materials, according to reports.
The restrictions mark an escalation in US efforts to block Huawei, which it says poses a security risk.
"Panasonic announced in [an] internal notification that it should suspend transactions with Huawei and its 68 affiliates that were banned by the US government," the firm said in a statement.
Last week the Trump administration added Huawei - the world's second largest smartphone maker - to its "entity list" which bans the company from acquiring technology from US firms without government approval.
2019.05.23 / 11:52