AAC Technologies Holdings Inc (2018.HK)
23 Oct 2018
HONG KONG Lenovo and ZTE Corp shares slid on Friday, hurt by worries about overseas sales after Bloomberg reported that the systems of multiple U.S. companies had been compromised by malicious computer chips inserted by Chinese spies. | Video
HONG KONG, Oct 5 Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo Group Ltd which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents.
HONG KONG AAC Technologies Holdings Inc , an acoustic components supplier to Apple Inc , said on Wednesday second-quarter net profit fell for the first time in nearly four years, hit by plateauing iPhone sales and a sluggish global smartphone market.
* Shares recover after nearly 11 pct slide (Adds comments from managing director, analyst; shares)
HONG KONG, Aug 22 AAC Technologies Holdings Inc , an acoustic components supplier to Apple Inc , said on Wednesday quarterly net profit declined for the first time in nearly four years, bruised by a sluggish smartphone market.