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General

Lumentum suspends shipments to Huawei, lowers outlook for June quarter

Thursday 23 May 2019 | 15:20 CET | News
Lumentum has lowered its outlook for results in fiscal fourth quarter to June due to the US ban on doing business with Huawei. The Chinese company accounted for 15 percent of Lumentem's revenues in the first three quarters of the fiscal year, rising to 18 percent in the most recent quarter to March. 

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Categories: General
Companies: Huawei / Lumentum
Countries: World
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