Lenovo Group
Trade riskHong Kong.
Summary
"Among Asian businesses rethinking their dealings with Iran are banks, oil companies and technology giants including Huawei Technologies Co., Lenovo Group, LG Electronics Inc. and Samsung Electronics Co. Also in March, Huawei, the world’s second-largest smartphone maker, laid off most of its 250 staff in Iran, according to businessmen in Tehran. And Beijing-based Lenovo, the world’s largest computer manufacturer, banned its Dubai-based distributors from selling to Iran after a warning from the U.S. Treasury Department, these people said." (Wall Street Journal, "Asian Companies Pull Back From Iran Amid U.S. Pressure," 4/24/2019). (https://www.wsj.com/articles/asian-companies-pull-back-from-iran-amid-u-s-pressure-11556133979?mod=article_inline)
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