Tuesday, May 21, 2019

UPDATE 1-Lumentum says halting all Huawei shipments, cuts quarterly forecast

UPDATE 1-Lumentum says halting all Huawei shipments, cuts quarterly forecastMobile phone parts producer Lumentum Holdings Inc on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies , following export restrictions put in place by the United States Department of Commerce. The company, which is seen as a major supplier of Apple Inc's Face ID technology, said it cannot predict when it will be able to resume shipments. The Trump administration last week added Huawei to a trade blacklist, a move that bans the company from buying parts and components from American firms without U.S. government approval.




from Yahoo News - Latest News & Headlines https://yhoo.it/2QdMyIL

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