Taiwanese electronics manufacturer Foxconn has halted operation of several Huawei production lines after the Shenzhen-based telecom giant cut orders for new phones, South China Morning Post reports.
This follows the US government’s banning of American companies from doing business with Huawei, hampering Huawei’s goal of becoming the world’s top smartphone vendor by the end of 2020.
In March, Huawei’s mobile chief Richard Yu had said that the company was aiming for 50% of China’s smartphone market by the end of this year, and to surpass Samsung on the global stage in 2020.
The company’s share of global smartphone shipments rose to 15.7% in the first quarter of 2019, up from 10.5% in the same period last year, as current leaders Samsung and Apple saw their shares drop to 19.2% and 11.9%, respectively, according to Gartner estimates cited by SCMP.
