Huawei executive says goal to be world's top phone maker some time off

China's Huawei Technologies Co Ltd will need more time to become the world&...

FILE PHOTO: A Huawei logo is seen outside the fence at its headquarters in Shenzhen, Guangdong province, China May 29, 2019. REUTERS/Jason Lee/File Photo

“We would have become the largest in the fourth quarter but now we feel that this process may take longer,” said Shao Yang, chief strategy officer of Huawei Consumer Business Group, without elaborating on reasons. The comments come after the United States put Huawei on a blacklist last month that barred it from doing business with U.S. companies on security grounds without government approval, prompting some global tech companies to cut ties with the world’s largest telecommunication equipment maker.

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