Breaking News

US, China trade deal provides little comfort for Huawei

Kindly Share This Story:

Huawei, U.S, China, Trade deal

The so-called phase-one US-China trade pact has done little to allay fears about Huawei Technologies’ prospects and those of its key suppliers, two analyst research reports suggest.

Morgan Stanley and Credit Suisse warned of the likely trickle-down impact of US sanctions on Huawei should they remain in place or be tightened even further. Restrictions could slow the pace of China’s 5G networking roll-out, which would affect Taiwan Semiconductor Manufacturing Co and fellow technology and manufacturing providers, one report said.

ALSO READ: Tackling Insecurity: Nigerian Airforce takes delivery of 2 new Augusta Attack helicopters for combat operations

Tensions over tech are likely to remain as the Trump administration considers steps to further limit the ability of American companies to supply Huawei. This comes even as US treasury secretary Steve Mnuchin said on Wednesday he doesn’t “view Huawei as a chess piece” in continuing negotiations with China.

Morgan Stanley analysts forecast Huawei’s total smartphone volume at 200 million this year, a decline of 40 million from 2019. Without regaining access to the Google Mobile Services suite on Android, Huawei’s “smartphone shipments would be close to zero in Western Europe”, said the analysts.

ALSO READ: Liberia souring on George Weah at two-year mark

That compares to shipments of 29 million units in 2018 and 21 million devices through the first three quarters of 2019 for the region, they added. The European market had served as a catalyst for Huawei’s consumer division, which was itself the biggest growth engine for the Chinese company.

Source: Tech Central

Vanguard News

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!