Huawei Says It's Scrapping Laptop Launch Because of US Blacklisting

Huawei has ditched a product launch for the first time since the US placed it on a trade blacklist. From a report: Richard Yu, CEO of Huawei's consumer division, told CNBC that the firm had formally planned to launch a new product in its Matebook series without giving a date, but it had been indefinitely put on hold. He said that being on the U.S. Entity List, which restricts American companies from selling products to Huawei, had caused the cancellation. 'We cannot supply the PC,' Yu said, adding that the situation is 'unfortunate.' When asked if the laptop could be launched at a later date, Yu said it 'depends on how long the Entity List will be there.' He acknowledged that, if Huawei is on the blacklist for a long time, the laptop will not be able to be launched.

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