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Tuesday 20th March 2018

Samsung May Gain from Huawei's Plight in Ongoing Trade War - Fitch


7Dnews London

Mon, 27 May 2019 07:51 GMT

Samsung Electronics could be set to strengthen its position in the smartphone market in the wake of US-China trade tensions, which are causing damage to their rivals Huawei Technologies, according to Fitch Ratings.

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

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

Earlier this month, the US government hit Huawei 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. 

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