Huawei says it's scrapping laptop launch because of US blacklisting

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Huawei says it's scrapping laptop launch because of US blacklisting
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It's the first product launch the company has cancelled as a result of being put on a blacklist restricting its access to U.S. technology.

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.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.

Huawei relies on U.S. technology for significant parts of its consumer products. Its top-of-the-range Matebook X Pro runs Microsoft's Windows operating system and uses chips by Intel. The telecommunications behemoth has been putting measures in place to try to mitigate the effects of the blacklisting, including reportedly stockpiling key components. It has also been, which Yu told CNBC could launch as early as this year in China. Huawei does design the core processors for its smartphones, but it still relies on American technologies for other parts of the devices.

Huawei's biggest business traditionally was in selling networking equipment. But, in 2018, the consumer business, which includes smartphones, laptops and wearables,

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