Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Huawei says no impact on 5G supply from coronavirus

share with twitter share with LinkedIn share with facebook
share via e-mail
02/20/2020 | 01:07pm EDT
FILE PHOTO: A general view of Huawei's first global flagship store, in Shenzhen

China's Huawei said on Thursday the coronavirus outbreak would not affect the supply of 5G telecoms equipment to its customers after its factories resumed production.

Yang Chaobin, Huawei's president of the 5G product line, said 5G equipment was currently manufactured in Huawei's own factories.

"Since the outbreak of the virus it's been some time and actually all Huawei's own factories have resumed production," he told reporters in London.

"The major suppliers have resumed production as well, so there's no impact at all to the supply to our customers."

The Chinese manufacturing engine that powers much of the world economy has been hit by the coronavirus outbreak and the travel and quarantine restrictions that have followed.

Apple Inc on Monday rescinded a quarterly sales target made just weeks ago, saying the ramp up of factories in China was slower than anticipated.

Hyundai Motor Co and Nissan Motor Co have had to suspend some production - not just in China but also at home - for lack of parts.

Huawei, the world's biggest producer of telecoms equipment, has in recent years been caught in a standoff between Washington and Beijing after the United States accused the company of spying to steal Western secrets, a charge Huawei denies.

(Reporting by Paul Sandle; editing by Kate Holton and Kirsten Donovan)

Stocks treated in this article : Apple Inc., Hyundai Motor Co, Nissan Motor Co., Ltd.
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -4.14% 247.74 Delayed Quote.-15.63%
HYUNDAI MOTOR COMPANY 8.56% 74800 End-of-day quote.4.62%
NISSAN MOTOR CO., LTD. 0.38% 366.8 End-of-day quote.-2.68%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Economy & Forex"
11:29aGermany's coronavirus support will last two months, think tank tells paper
RE
11:04aSouth Africa's treasury announces tax relief for business hit by coronavirus
RE
11:03aOFFICE OF PRESIDENT OF ISLAMIC REPUBLIC OF : President holds virtual meeting with 27 provincial governors
PU
10:15aMarch Jobs Report Unlikely to Show Full Impact of the Coronavirus Crisis
DJ
09:58aMINISTRY OF SHIPPING OF REPUBLIC OF INDIA : Shipping Lines advisednot to impose container detention charges on import and export shipments at Ports
PU
09:48aESM, not Eurobonds is the mechanism to share burden - German finance minister
RE
09:16aGOVERNMENTS, CENTRAL BANKS MUST BOOST EFFORTS TO HELP ECONOMIES COPE WITH CRISIS : BIS chief
RE
09:05aChanel turns its workshops to making face masks as coronavirus spreads
RE
08:49aWorld's biggest glove maker has its hands full
RE
08:29aNigeria imposes offshore oil worker restrictions in coronavirus battle
RE
Latest news "Economy & Forex"