Electronics maker Flex ‘seized’ Huawei goods worth $100 million in China: Report

HONG KONG: Electronics manufacturer Flex held up goods worth some 700 million yuan ($101.85 million) of its Chinese client Huawei Technologies for more than a month after Washington put Huawei on a trade blacklist, China’s Global Times reported on Thursday.
Flex kept the Huawei assets in its factory in the southern city of Zhuhai after Washington added Huawei to an Entity List on May 16 that prohibits US firms from doing business with it, according to the report.
Flex, which is dual-headquartered in the United States and Singapore and manufactures smartphone and 5G base stations for Huawei, did not immediately respond to an email seeking comment outside U.S. business hours and did not answer calls to its Zhuhai office.