An Indian court granted relief on the seizure, provided that Xiaomi inform Indian authorities of fund transfers such as royalty payments, a source said

Luca Maestri, the tech company's financial chief, told analysts that supply-chain issues would hurt sales in the quarter by $4 billion to $8 billion

Huawei held just 6.2% of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.

TechInsights, which analyses components inside consumer electronics, sent a report to the US Commerce Department alleging the violations

In China, the world's largest smartphone market, total phone shipments this year are expected to be 300 million units, down from about 325 million units last year

The consortium includes New Zealand infrastructure investor Morrison & Co and Australian pension scheme Commonwealth Superannuation Corporation

The actions signal widening scrutiny of the Chinese smartphone maker, whose India office was raided in December in a separate investigation

The decision was taken because of fear of secondary sanctions from the US after Russia’s invasion of Ukraine, Forbes Russia said, citing Russian media.

TRAI has sent several recommendations to the government on important issues concerning growth of telecoms and broadcasting and cable services

Industry analysts described the innovation as a potential way to ease the disruptions caused by US chip sanctions on the firm’s operations

Earnings at the world's largest memory chip and smartphone maker were also supported by brisk smartphone sales in the quarter

Taiwan aims to forge closer ties with the US on electric vehicles, the metaverse and next-generation communication tech as Washington pushes to bring supply chains onshore, Nikkei says