Huawei shrugs off US trade restrictions despite revenue curbs
The tech giant calls a 90-day reprieve for US purchases ‘meaningless’ and is creating chip sets for its own use to reduce reliance on US products
23 August 2019 - 14:31
Hong Kong/Shanghai — Chinese technology giant Huawei said on Friday that the effect of US trade restrictions on its business will be less than it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10bn in 2019.
Huawei’s $100bn business has been hit hard since mid-May after Washington put the world’s second-largest smartphone maker on a so-called entity list that threatens to cut off its access to essential US components and technology...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.