Huawei’s $105-billion business at stake after U.S. broadside

Such sanctions on Huawei are, however, likely to have ramifications beyond the company itself, analysts said.

On the other hand, U.S. companies like Apple face the risk of severe retaliation from China, a key market.It will be tough for Huawei too, the person said, noting none of its U.S. suppliers “can be replaced by Chinese ones, not within a few years, at least. By then, they are already dead.”Revenue for the company, also the world’s second-biggest maker of smartphones, touched 721-billion yuan last year, eight times ZTE’s and half the annual sales of South Korea’s Samsung Electronics Co.

“They can relatively better manage component sourcing for mobile phones because they have their own component businesses for smartphones. But server and network, it’s a different story,” the executive said. Huawei has said it is “ready and willing to engage with the U.S. government and come up with effective measures to ensure product security.”

“The bigger concern would be U.S. allies that used to buy Huawei’s components may not continue businesses with Huawei, because of fear of possibly upsetting the United States,” said Doh Hyun-woo, an analyst at NH Investment & Securities in Seoul.

globebusiness To hell with them banhuawei

globebusiness Good.

United States United States Latest News, United States United States Headlines

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

Premarket: U.S. sanctions on Huawei send stocks reeling; yields fallLatest U.S. sanctions on Huawei undermine market sentiment; weak U.S. economic figures raise interest rate cut bets
Source: globeandmail - 🏆 5. / 92 Read more »

Escalating U.S.-China trade spat to hit Canadian business confidence, wallop global economyCanadian firms looking to sell in the U.S. will likely be swamped by the slowing of the U.S. economy and a decline in purchases by consumers Good. Economies exist to serve people, not the other way around. China is the most brutal, thuggish regime in the world and the US is right to take China on. Chinese businesses are most selfish. They don't care for others years of research & hardwork to produce a product but copycat and flood the market for their vested gains.
Source: nationalpost - 🏆 10. / 80 Read more »