News

Huawei’s ties to its partners-FedEx, a Flex battle on U. s.-China tensions

HONG KONG / SHANGHAI (Reuters) – U.s. delivery company FedEx Corp. (a). (FDX.N) is likely to be retained for more than a 100 packets of the Smartphone, a report said, as the Chinese tech giant, is also the fault of the US-listed Flex (FLEX.(O) the possession of the property, as a Sino-AMERICAN tensions will further strain working relationships.

A Federal Express delivery truck that is shown in the center of Los Angeles, state of California, united states, October 24, 2018. REUTERS/Mike Blake

The Chinese authorities will investigate FedEx’s suspected to be illegally held and the Ascend of the packages, and that the violation of any other law, state news agency Xinhua said on Friday.

Beijing began an investigation into FedEx last month, after the Ascend of the united states said the delivery company had transferred plots of land intended for the. It was after the Smartphone was placed by Washington on a “black list” in mid-May that effectively blocks U.S. companies from doing business with the Shenzhen-based telecommunications equipment maker.

“The study showed that FedEx was suspected of being in the business for more than 100 Huawei packages-enter China,” Xinhua said. “The researchers also found indications of other violations of the act.”

FedEx, had no immediate comment on the report. Huawei declined to comment.

The report comes a day after Huawei, said, electronics is a contract manufacturer of Flex “taken” on its products in China.

The developments mark the latest fallout from Washington’s ban on Huawei, which not only rattled the worldwide technology supply chain is bound to the Huawei’s $105 billion and the business community, but is also the cause of a lot of confusion between the enterprises and the organisations, far beyond the borders of the united states of america, with respect to the boundaries of the constraints.

FedEx has apologized for multiple incidents of abuse on Smartphone packages, which were attributed to operational errors”, but later sued the U.S. government for what it said was an “impossible task” in order to “police the contents” of the export shipments.

For Huawei, told Reuters on Thursday, Flex, had been withheld about 700 million yuan ($101.81 million), the value of the goods at the factory in China, have been confirmed by a report in the Chinese state-backed newspaper Global Times.

Flex is kept to the Huawei equipment in the plant in the southern city of Zhuhai, after the US, the black-list and cause a loss for the Smartphone, according to the report.

Huawei told Reuters that it was picked up with 400 million yuan of goods last month, after negotiations, still trying to take it back, and the rest of us.

Flex said in a statement via e-mail to Reuters, “the Flex and Huawei have had a long-standing and successful partnership, which has been affected due to the unforeseen challenges arising from the US-China trade situation. Both parties are actively working to find a mutually acceptable way forward, having regard to the facts.”

With a Flex-a spokesman refused to say whether or not it’s still a Smartphone of its assets or which counts Huawei as a customer, but it said that China remains “a very important centre for the production and end-of-the-market”, where there is the work of tens of thousands of people.

Flex said on Friday in its quarterly earnings statement that it would speed up a move to reduce exposure to certain products, and in China and India, the recent geo-political developments and uncertainties”, which are primarily affected “to a customer in China. It is not the name of the customer.

“We have seen a decline in the demand for the products that are assembled for the customer,” he said.

Reporting by Sijia Jiang of Hong Kong, as well as Josh Horwitz; Editing by Brenda Goh and Muralikumar Anantharaman

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular