LG Display’s TV and phone screens struggle against cheaper Chinese rivals

Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept the resignation of Han Sang-beo...

China’s latest retaliatory tariffs could pose trouble for Tesla

The escalating trade war between the US and China could have particularly steep consequences for car brands. China's Finance Ministry has announced countering tariffs across a range of products, including plans to resume a suspended 25 percent extra...

US will reportedly give Huawei another temporary reprieve

Huawei hasn't had any luck reversing the US trade ban despite promises of removing some restrictions. It might be a long while before the company is forced to cut all its ties, however. Reuters sources have claimed the Commerce Department is expect...

Huawei and Google scrapped their smart speaker due to US ban

Before the Trump administration declared a 'national emergency' effectively banning Huawei, Google and Huawei were reportedly months away from launching a Huawei-branded smart speaker. The companies allegedly planned to reveal the speaker at a trade...

Huawei lays off two thirds of its US research division

The rumors of Huawei laying off a large chunk of its US staff have come to pass. The company is cutting over 600 of the 850 jobs at its Futurewei Technologies research wing in the country in response to the "curtailment of business operations" by th...

Congress tries to limit Trump’s ability to ease Huawei restrictions

President Trump's desire to lift some restrictions on Huawei won't go unchallenged. A bipartisan group of senators has introduced a bill, the Defending America's 5G Future Act, that would effectively set the original blacklisting in stone. It would "...

Huawei preps ‘extensive’ US job cuts despite partial reprieve

Huawei appears to be prepared for a long trade battle despite the US government's promises of easing some restrictions. Wall Street Journal sources claim Huawei is prepping "extensive" layoffs at its Futurewei research offices in the US, with "hundr...