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Anniek Bao / Oct 26, 2020 06:48 PM / World

It may be a “now or never” moment for smartphone makers vying to take advantage of Huawei Technologies’ current misfortunes as a victim to escalating U.S.- China political tensions.

Smartphone vendors are racing to ramp up purchases from parts suppliers, including panel-making TCL China Star Optoelectronics Technology Co. Ltd. (CSOT), as Huawei takes a big hit from a U.S. law that requires companies to obtain licenses if they want to sell chips made with U.S. technology that have been assembled overseas.

Taiwan Semiconductor Manufacturing Company (TSMC) is the latest to have stopped delivering chip orders to Huawei because its manufacturing process relies heavily on U.S. technologies.

However, with surging demand from homegrown smartphone makers, Chinese panel maker CSOT, that delivered $419 million worth of products to Huawei last year, has not seen much of its production capacity stand idle.

Read the full story on Caixin Global later.

Contact editor Marcus Ryder (marcusryder@caixin.com)

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