Huawei’s supply not impacted by virus outbreak as production resumed

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    Huawei’s supply not impacted by virus outbreak as production resumed

    Huawei Technologies Co Ltd last week resumed production of 5G equipment in its factories and said that coronavirus outbreak would not be affecting supply of those 5G equipment to customers, said the company on Thursday.

    Chinese company’s President of 5G product line, Yang Chaobin said that the company has currently been manufacturing 5G equipments in its own factories, adding that some time has been passed by since outbreak of the virus, so company has started the production again in its own factories.

    Huawei’s major suppliers have also resumed productions leaving no impact of the virus outbreak left behind to affect supply of products to its customers.

    The Chinese manufacturing giant which dominates much of the world economy was disturbed by the coronavirus outbreak in its home country in last month, followed by travel and quarantine restrictions afterwards.

    The virus outbreak also impacted many of the big tech companies having production facilities in the region, especially in China. Apple Inc last week cancelled its quarterly revenue targets made just week ago, as its factories in China came slower in ramping up than as anticipating the iPhone maker.

    Japan’s Nissan Motor Co and South Korean automaker Hyundai Motor Co have had to halt some of their productions not in the virus-affected China but also at their home countries because of lowered parts supplies.

    The world’s biggest telecom equipment maker is under fire from the U.S. in recent years on allegations of spying for the Beijing, and restricted U.S. companies to do business with the Chinese firm.

    But Huawei push towards 5G has been going largely undisturbed as it remained successful up to some extent in Europe to take part in Europe’s 5G roll outs. The company inked 77 agreements with mobile network operators globally to provide 5G equipments including 12 5G contracts signed with companies operating in the Middle Eastern countries.

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    I am a lecturer at the University of Economics in Bratislava, department of Banking and International Finance. I have a Ph.D. academic degree, my dissertation was focused on major markets. Commodities and stock markets are also the main focus of my research and publication activities. I have approximately 10 years of investing experiences. My investments mostly focus on small- to mid-cap companies of energy sector, financial and technology.

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