The Shenzhen-based camera lens and fingerprint reader manufacturer O-Film Tech made nearly a quarter of all its sales, worth some $444m, to Huawei in the third quarter of last year.
Yesterday, after the US hit Huawei with 23 charges ranging from corporate espionage and obstruction of justice to wire fraud, O-Film’s share price dropped 4.2 per cent.
Across Huawei’s vast supply chain, which stretches from China and Taiwan to Japan, the US and Finland, the impact of the US indictment sent share prices sliding as investors fretted over the future of the Chinese telecoms equipment giant and whether it would now be hit with an export ban.
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