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FLEX - Flex News Story

$18.35 0.0  0.0%

Last Trade - 10/05/21

Sector
Technology
Size
Large Cap
Market Cap £6.49bn
Enterprise Value £7.30bn
Revenue £17.08bn
Position in Universe 993rd / 6853

BUZZ-Flex Ltd: Drops on report of halting some production for Huawei

Fri 24th May, 2019 8:07pm
** Shares of electronics manufacturer  FLEX.O  down 1.7% to
hit session low of $9.31
    ** FLEX has halted some of its production for Huawei, no
timeline for resumption -Nikkei
    ** Flex employees were told the company has to suspend
manufacturing for Huawei due to sino-U.S. trade war -Nikkei
    ** Trump administration hit the Chinese telecoms giant with
severe sanctions, a move that bans the company from acquiring
components and technology from U.S. firms without government
approval  urn:newsml:reuters.com:*:nL2N22R16X
    ** Other U.S.-listed chipmakers such as Micron Technology
 MU.O , Qorvo  QRVO.O , Lumentum  LITE.O  and Analog Devices
 ADI.O  have also stopped some shipments to Huawei after the
blacklisting

 (Reporting by Chinmay Rautmare in Bengaluru)
 ((Chinmay.Rautmare@thomsonreuters.com;))
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