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Huawei's pain may be Samsung's gain in the ongoing trade war, says Fitch

Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei

Reuters 

Samsung
Samsung may get a chance to improve its market share. Photo: Reuters

Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Technologies Co Ltd in the wake of US-China trade tensions, according to Fitch Ratings.

Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to

The loss of access to Google's android system may hurt the smartphone sales of the Chinese technology company outside China, thereby giving a chance to improve its market share, Fitch Ratings said in a statement.

Earlier this month, the US government hit with severe sanctions as the US Commerce Department blocked the Chinese company from buying American goods amid its escalating trade spat with China.

The ratings agency also added that iPhone maker Apple Inc could be another casualty of the trade tensions between Beijing and Washington, which would accelerate its market share loss in China.

First Published: Mon, May 27 2019. 11:17 IST
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