Huawei cuts orders to key suppliers after US blacklisting

China’s Huawei Technologies Co Ltd has cut or cancelled orders to major suppliers for components that go into its smartphones and telecom equipment following its US blacklisting, the Nikkei reported on Wednesday, citing sources familiar with the matter.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) confirmed that orders from Huawei have declined after US President Donald Trump imposed a ban on the Chinese firm on national security grounds, according to the report.

Huawei has also downgraded its forecast for total smartphone shipments in the second half of 2019 by “about 20 per cent to 30 per cent” from the previous estimate, the Nikkei reported.

Both, Huawei and TSMC did not immediately respond to a request for comment.