Here’s one Huawei supplier who will do just fine if it can’t sell to Chinese telecoms giant

//Here’s one Huawei supplier who will do just fine if it can’t sell to Chinese telecoms giant

Here’s one Huawei supplier who will do just fine if it can’t sell to Chinese telecoms giant

Among the thousands of companies that supply the Chinese communications giant Huawei Technologies is a virtually unknown Japanese company called Taiyo Yuden. When President Donald Trump targeted Huawei on May 16, the company’s stock plunged as much as 10 per cent, wiping out the gains from record earnings and a share buy-back just days earlier.Chief Executive Officer Shoichi Tosaka is not happy about this: He contends investors got it wrong. In an interview in Tokyo, he explained that Taiyo…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-05-30T11:00:06+00:00 May 30th, 2019|Technology|Comments Off on Here’s one Huawei supplier who will do just fine if it can’t sell to Chinese telecoms giant