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Huawei looking for a way out of US trap

Telecoms equipment maker Huawei sees dealing with US sanctions as mainly a race against time. The company confirmed it had bought up chips before the trade restrictions took effect in the market, which it has used to keep production going so far. “We expect that our new partners will be able to supply the chipsets we need in the foreseeable future,” board member Eric Xu said Monday at the annual presentation of the group’s strategy in Shenzhen. “We now hope our inventories will last until that point is reached.”

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