Huawei cancels laptop launch because of US trade blacklist
Published : Wednesday, 12 June, 2019 at 9:46 PM Count : 441
Huawei has ditched a product launch for the first time since the US placed it on a trade blacklist.
It was reported that the Chinese tech firm had intended to unveil a new laptop as early as this week, BBC reports.
However, its consumer device chief Richard Yu told CNBC that it had become "unable to supply the PC".
"[It's] unfortunate," he added via a WeChat message to the business news network. He added that the product itself might have to be scrapped.
"[It] depends on how long the Entity List will be there," he wrote.
This refers to a list of foreign parties that the US Department of Commerce has judged to pose a potential national security or foreign policy threat.
Specifically, Huawei is accused of having committed bank fraud to evade Iran sanctions, and obstruction of justice, among other violations.
As a result, other companies with business activities in the US have been forbidden to sell or transfer technologies to the Shenzhen-based firm unless they have a special licence.
Huawei denies any wrongdoing, and has said that claims its poses a security threat are "unsubstantiated".