Mounting R&D and memory costs push Huawei to borrow US$2.3B from six Chinese banks

T2Covered by 1 source · first reported by JP/KR/TW: Korea Herald / Taipei Times / DigiTimes at 23 Oct, 03:29 UTC

Huawei Technologies has secured a seven-year, CNY15 billion (approx. US$2.3 billion) offshore yuan loan from six Chinese banks, as rising research spending and memory costs weigh on its cash flow. The financing, arranged by domestic lenders, is Huawei's first offshore syndicated borrowing since…

Sources

• T2Mounting R&D and memory costs push Huawei to borrow US$2.3B from six Chinese banksJP/KR/TW: Korea Herald / Taipei Times / DigiTimes23 Oct, 03:29