US-China Trade War: A Curse on Huawei, a Blessing to Samsung

Published May 27th, 2019 - 07:18 GMT
 Fitch Ratings predicts a possibly stronger position for Samsung following the end of supplies and updates to Huawei by Google and SoftBank Group-owned chip designer ARM.
Fitch Ratings predicts a possibly stronger position for Samsung following the end of supplies and updates to Huawei by Google and SoftBank Group-owned chip designer ARM. (TRTWorld)
Highlights
The loss of access to Google's Android system may hurt the smartphone sales of the Chinese technology company outside China

Samsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd in the wake of US-China trade tensions, according to Fitch Ratings.

 


Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.

The loss of access to Google's Android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving Samsung a chance to improve its market share, Fitch Ratings said in a statement.

Earlier this month, the US government hit Huawei with severe sanctions as the US Commerce Department blocked the Chinese company from buying American goods amid its escalating a trade spat with China.

The rating agency also added that iPhone maker Apple Inc could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.


Copyright © 2020 TRT World

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