Huawei cuts orders to key suppliers after U.S. blacklisting: Nikkei

(Reuters) - China's Huawei Technologies Co Ltd has cut or canceled orders to major suppliers for components that go into its smartphones and telecom equipment following its U.S. blacklisting, the Nikkei reported on Wednesday, citing sources familiar with the matter. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) confirmed that orders from Huawei have declined after U.S

Huawei cuts orders to key suppliers after U.S. blacklisting: Nikkei

(Reuters) - China's Huawei Technologies Co Ltd has cut or canceled orders to major suppliers for components that go into its smartphones and telecom equipment following its U.S. blacklisting, the Nikkei reported on Wednesday, citing sources familiar with the matter.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) confirmed that orders from Huawei have declined after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds, according to the report https://asia.nikkei.com/Spotlight/Huawei-crackdown/Huawei-cuts-orders-to-key-suppliers-after-US-blacklisting.

Huawei has also downgraded its forecast for total smartphone shipments in the second half of 2019 by "about 20% to 30%" from the previous estimate, he Nikkei reported.

Both, Huawei and TSMC did not immediately respond to a request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Anil D'Silva)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Loading...




also see

science