US sanctions have created a $27 billion opportunity for Huawei's rivals to absorb its global networking business. Because Huawei’s equipment is largely non-existent in the US, the most recent sanctions primarily affect its Asia, Latin America and European markets. And last week, Nokia signed a deal with BT, the United Kingdom’s largest telco, to phase out Huawei’s equipment there. (Despite a large consumer mobile business, the majority of Huawei’s sales outside of China are from its contracts with domestic carriers.) In anticipation of the sanctions, Huawei is believed to have stockpiled billions of dollars worth of semiconductor chips, but analysts believe its inventory could run out within a year.

Source: Forbes October 09, 2020 18:45 UTC