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Technology

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.

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