New US sanctions could slowly strangle Huawei's smartphone business

Hong Kong (CNN Business)Huawei recently became the world's biggest smartphone maker, beating Samsung and Apple (AAPL) at their own game by offering consumers state of the art phones with amazing cameras at competitive prices. All that is now at risk after the latest US sanctions on the Chinese tech champion. Consumers around the world were already abandoning the brand because the phones no longer come with some popular US apps. Now, a blow to its hardware supply chain is putting its advantage in the Chinese market on shaky ground. The company will lose its supply of super fast, advanced Kirin chipsets starting from next month, because they are made by contract manufacturers that use US...