Apple and Huawei suppliers resilient as trade war hits Taiwan tech sector

Overall sales slump but TSMC, Foxconn and Largan shine

20191115 Huawei Iphone

Strong iPhone demand and strategic moves by Huawei benefited their Taiwanese suppliers in the third quarter. (Source photos by Tokuyuki Matsubuchi and Rie Ishii)

CHENG TING-FANG and LAULY LI, Nikkei staff writers

TAIPEI -- Taiwan's tech sector took its biggest hit of the year in October, with 19 companies monitored by Nikkei logging a combined revenue drop of 3.5% on the year. Key Apple and Huawei suppliers proved themselves surprisingly resilient, however, thanks to strong smartphone launches and strategic stockpiling by their two biggest clients.

The 19 Taiwanese tech suppliers included in the Nikkei Asian Review's monthly tech tacker serve as a bellwether of the global tech industry, as their clients include everyone from hardware giants Apple, Huawei, HP, Dell and Cisco, to internet companies such as Amazon and Google.

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