Huawei Has Sufficient Inventory of Communications Equipment
- Company is seeking chips for smartphones following U.S. ban
- Rotating Chairman Guo Ping makes comments in Shanghai
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Huawei Technologies Co., the telecom giant at the center of U.S.-China tensions, said it has “sufficient” inventory for its communications equipment business while it seeks out supplies of smartphone chips that have been cut off by a Trump administration ban.
The company has enough supplies to keep its enterprise and carrier units afloat and it’s developing new consumer devices to offset the hit to its smartphone business, Guo Ping, Huawei’s rotating chairman, told reporters in Shanghai on Wednesday. It’s still evaluating the impact of the U.S. blacklist, which has greatly limited American suppliers’ businesses, Guo added, saying Huawei is still willing to buy from those firms.