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.
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)
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