Flex hung onto Huawei goods

Stefan Mileschin · 26th July 2019, 06:58

Goods made in China

Electronics manufacturer Flex held up goods worth some $101.85 million of its Chinese client Huawei Technologies for more than a month after Washington put Huawei on a trade blacklist.

According to China’s Global Times, Flex kept the Huawei assets in its factory in the southern city of Zhuhai after Washington added Huawei to an Entity List on May 16 that prohibits US firms from doing business with it, according to the report.

Flex, which is dual-headquartered in the United States and Singapore manufactures smartphone and 5G base stations for Huawei.

Guo Fulin, president of international media affairs at Huawei, told Reuters the company has got back about half of the goods after negotiations with Flex last month and is still trying to get back the rest

“We cannot understand why their Chinese factory seized our goods. This is an over-interpretation of the ban”, he said.

The Chinese newspaper said Flex was culled from Huawei’s supply chain after the incident that had “angered Huawei”, but that has not been confirmed.

https://fudzilla.com/news/49114-flex...o-huawei-goods

26th July 2019, 06:58	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Flex hung onto Huawei goods Goods made in China Electronics manufacturer Flex held up goods worth some $101.85 million of its Chinese client Huawei Technologies for more than a month after Washington put Huawei on a trade blacklist. According to China’s Global Times, Flex kept the Huawei assets in its factory in the southern city of Zhuhai after Washington added Huawei to an Entity List on May 16 that prohibits US firms from doing business with it, according to the report. Flex, which is dual-headquartered in the United States and Singapore manufactures smartphone and 5G base stations for Huawei. Guo Fulin, president of international media affairs at Huawei, told Reuters the company has got back about half of the goods after negotiations with Flex last month and is still trying to get back the rest “We cannot understand why their Chinese factory seized our goods. This is an over-interpretation of the ban”, he said. The Chinese newspaper said Flex was culled from Huawei’s supply chain after the incident that had “angered Huawei”, but that has not been confirmed. https://fudzilla.com/news/49114-flex...o-huawei-goods

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