5G chipmaker Sumitomo Electric hedges bet on top client Huawei


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Technicians test a 5G base station near the Yellow River in Lanzhou, China. Sumitomo Electric hopes to reduce its reliance on Huawei, its main customer for chips used in base stations.   © Reuters RYOTARO SATO, Nikkei staff writerJanuary 21, 2021 00:33 JST | JapanCopyCopiedOSAKA -- Japan's Sumitomo Electric Industries, which sells most of its 5G base station semiconductors to Huawei Technologies, seeks a bigger roster of clients to reduce exposure to the troubled Chinese telecommunications heavyweight.Sumitomo Electric will augment its European research and development facilities during the fiscal year that begins in April. The R&D team there will upgrade...