The Chinese phone maker is facing the loss of one of its top customers, Softbank (SFTBY). The Japanese mobile carrier is considering
stripping out Huawei equipment, though a final decision has not yet been made.
According to the Nikkei Asian Review, the decision comes in light of
security concernsstemming from leaks of sensitive information to systemwide shutdowns.
Huawei surpassed Apple to become the world’s second-largest smartphone maker behind Samsung in July 2018 as it moved to introduce 5G technology to the world at large.
Since then, it has come up against roadblocks from telecom groups in the UK, the governments in Australia, New Zealand and most famously, the United States and Canada. The White House had urged its allies not to use its phones and after company CFO was
arrested in Vancouver, China in-turn detained two Canadians.