New Launch - Rare Freehold Industrial Project For Sale!

New Launch - Rare Freehold Industrial Project For Sale!
Please click the advertisement to whatsapp the sales team.

Search This Blog

Sunday, July 21, 2019

Singapore based Flextronics is kicked out of Huawei's supply chain.

https://news.cgtn.com/news/2019-07-18/Huawei-kicks-its-top-phone-assembler-out-of-the-supply-chain-Ir4fTFS79S/index.html

Huawei has kicked Flextronics out of its supply chain. Although Flextronics is a Singapore based company, it is actually an American firm.  Huawei is a major customer of Flextronics and losing such a big customer will impact heavily on its earnings.

Flextronics may also be added to China's unreliable entity list and will be shut out of China's market.

2 comments:

Eric Ho said...

https://finance.yahoo.com/news/flex-says-china-jobs-impacted-073223867.html

BYD has taken over Flex's orders in Huawei. Flex has lost Huawei's sales (US$2.5b) permanently.

Eric Ho said...

https://www.reuters.com/article/us-huawei-tech-flex-exclusive/exclusive-chinas-huawei-seeks-compensation-from-flex-over-withheld-goods-idUSKCN1UW15U

Huawei is suing Flex for losses due to illegal detention of Huawei's goods.