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Huawei crackdown

Huawei posts largest-ever revenue drop amid US crackdown

Restricted access to chips stifles Chinese tech titan's consumer business

Huawei has struggled to secure vital chips for its consumer electronics business, once its flagship segment.     © AP
CHENG TING-FANG and LAULY LI, Nikkei staff writers | China

TAIPEI -- Huawei Technologies on Friday reported its biggest-ever decline in revenue, with its first half figure plunging more than 29% on the year due to a U.S. clampdown on the company's access to key chip supplies.

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