BEIJING (AP) — Chinese tech giant Huawei is running out of processor chips to make smartphones due to U.S. sanctions and will be forced to stop production of its own most advanced chips, a company executive says, in a sign of growing damage to Huawei’s business from American pressure. Huawei Technologies Ltd., one of... read full story
"This is a very big loss for us,"
Photo: In this Jan. 29, 2019, file photo, the logos of Huawei are displayed at its retail shop window reflecting the Ministry of Foreign Affairs office in Beijing. China’s Huawei is set to take the wraps off a new folding-screen phone, in a fresh bid for global dominance of the stagnating smartphone market. The company is expected on Sunday, Feb. 24, 2019 to unveil the new device, which can be used on superfast next-generation mobile networks due to come online in the coming years. (AP Photo/Andy Wong, File)