ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Taiwan lens maker Largan takes hit from Huawei sanctions

Key supplier to smartphone industry squeezed by soaring PC chip demand

A Huawei store in Taipei: The Chinese smartphone maker had accounted for 10% to 20% of orders for lens supplier Largan. (Photo by Yu Nakamura)

TAIPEI -- Largan Precision, the world's top producer of smartphone camera lenses, reported Thursday a 14% year-on-year drop in net profit to 6.9 billion New Taiwan dollars ($248 million) for the quarter ended in December following U.S. sanctions against major customer Huawei Technologies.

Sales at the Taiwanese company, a bellwether for the smartphone industry, sank 17% to NT$15.3 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more