US sanctions on Huawei hit chip supply and growth, exec says

HONG KONG (AP) — A Huawei executive says that recent U.S. sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone business. Richard Yu, president of Huawei Technologies’ consumer business, said at a company conference for developers on Thursday that the company has still managed to gain a 51% market share in the Chinese smartphone industry. The U.S. has imposed various sanctions on Huawei, citing national security c