CHINA-ECONOMY: HUAWEI CLOSES MOBILE PHONE MANUFACTURE DUE TO NO SUPPLY OF CHIPS
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Asia Times (August 10) reported that 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 CEO Yu Chengdong told a tech industry forum on August 8, that production of the company’s high-end Kirin 9000 chipset would stop from September 15, due to US sanctions. Taiwan Semiconductor Manufacturing Co. (TSMC) which has been making Kirin 9000 chips using US equipment has stopped taking orders from Huawei since May, fearing possible repercussions. Huawei CEO Yu Chengdong said “Huawei’s mobile phones have no chip supply, which makes our shipment volume this year a little less than 240 million units (shipped last year). This is a huge loss for us.
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