Chipmaker in Wuhan blames falling sales on Covid, ‘crazy suppression’ by US

China’s Wuhan P&S Information Technology Co Ltd on Tuesday blamed Covid-19 and the “crazy suppression” of the Chinese technology sector by the US government for a sharp drop in its sales last year.

The remarks are an unusually open admission of the stress China’s electric component sector has been under in the past year after the US government barred firms reliant on US origin technology from selling to Huawei Technologies Co Ltd.

Revenue for the company’s CMOS sensor parts division, which sells to Sony Corp and subsequently to Huawei and other brands, fell from 8 billion yuan ($1.2 billion) in 2019 to 5 billion yuan in 2020, the company said in an outlook preceding its full results statement.