Trump’s Huawei ban — and the risk of retaliation — threatens the global tech industry - News Summed Up

Trump’s Huawei ban — and the risk of retaliation — threatens the global tech industry


Apple’s stock has dipped 13% this month in response to the rising trade tensions. But with $245 billion in cash on hand as of January — equivalent to an entire year’s revenue — the Cupertino, Calif., company has the resources to survive most crises, and Foxconn has been reported to be considering opening an iPhone facility in Vietnam in order to sidestep a trade war.


Source: Los Angeles Times May 23, 2019 11:06 UTC



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