The surprise arrest of Huawei Technologies Co.'s Chief Financial Officer Meng Wanzhou is about to impact one of the Chinese company's suppliers in Japan.
Yaskawa Electric Corp., which supplies industrial robots for Huawei's smartphone and telecom gear factories, saw all orders for its machines put on hold after the arrest, President Hiroshi Ogasawara said in an interview Wednesday. Of Yaskawa's ¥448.5 billion revenue for the fiscal year that ended in February, 23 percent came from China.
"My people on the ground in China say that Huawei is turned upside down internally," Ogasawara said. "All kinds of capex (capital expenditure) deals are temporarily on hold as they figure things out."