Huawei cuts orders to key suppliers after US blacklisting

From asia.nikkei.com

Huawei Technologies has reduced or canceled orders to top suppliers for components that go into its smartphones and telecom equipment following its U.S. blacklisting, sources familiar with the matter told the Nikkei Asian Review. The effecton the embattled Chinese company's supply chain, including cuts to orders of a much as 30%, is another possible sign that Washington's crackdown has started to hit the world's top telecom equipment provider and second-largest smartphone maker. At stake is Huawei's leading market share at the dawn of 5G wireless networks, with Ericsson and Nokia in close pursuit while smartphone ... (full story)