First Business News Portal in English from Nepal
Chinese telecom giant Huawei said production of its most advanced smartphone chips would stop in September due to US sanctions, causing a “huge loss”.
Huawei – the world’s biggest producer of telecoms networking equipment – has become a pivotal issue in the geopolitical standoff between Beijing and Washington, which claims the firm poses a significant cybersecurity threat.
Huawei CEO Yu Chengdong told a tech industry forum on Friday that production of the company’s high-end Kirin 9000 chipset would stop from September 15, due to US sanctions.
Washington cut off Huawei’s access to US components and technology including Google’s music and other smartphone services last year.
Those restrictions were tightened in May when the White House barred vendors worldwide from using US technology to produce components for Huawei.
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