Huawei denies that orders to key suppliers cut after US blacklisting - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 6/6/2019 11:01 AM
📰 SABC News Online

⏱ Reading Time:
32 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Huawei denies that orders to key suppliers cut after US blacklisting via SABCNewsOnline

The Trump administration in May added Huawei to a trade blacklist. The move put Huawei and 68 affiliates in more than two dozen countries on the Commerce Department’s so-called Entity List, a move that bans the company from buying parts and components from American firms.

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, the Nikkei reported, citing sources familiar with the matter. TSMC did not respond to a request for comment on the report. But it said at its annual general meeting on Wednesday that Washington’s move to ban US companies from doing business with Huawei would have a short-term impact on the company, although it was upbeat on the outlook for this year.

Ever since, global tech companies have been cutting ties with the Chinese telecom giant and complying with the US ban.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Comrades Marathon upon us - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The anxious wait is almost over for about 20 000 runners who are set to tackle the 94th edition of the Comrades Marathon on Sunday.
Source: SABC News Online - 🏆 32. / 51 Read more »

China raises tariffs on US goods amid escalating tensions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of 'unreliable' foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei. Serious trade war,but why our Rand is affected by this hogwash?
Source: SABC News Online - 🏆 32. / 51 Read more »