Huawei reportedly cuts back phone production following US crackdown

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Huawei seems to be managing expectations on how many phones it’ll be able to sell with the US ban still ongoing. According to a report from South China Morning Post, sources claim Foxconn has halted Huawei phone production lines as the company cut back on orders. It wasn’t specified if this was going to be a short- or long-term cut, but this follows months of Huawei increasing its demand for phones. The move that reportedly prompted Foxconn to go on a hiring spree. Foxconn declined to comment on the report, while Huawei hasn’t responded to initial requests for comments. If the report is to be believed, it looks like Huawei is buckling down to minimize its losses as it can’t work with its US partners at the moment.

Source: Engadget