Huawei's sales rose by double digits in the first half of this year despite being blacklisted by Washington.
Huawei's sales rose by double digits in the first half of this year despite being blacklisted by Washington and its chairman, saying U.S. pressure has"galvanized our people," expressed confidence Tuesday the Chinese tech giant will"enter a new period of growth."
Washington says Huawei is a security risk, an accusation the company denies. American officials also see Huawei as a competitive threat and a recipient of official Chinese support for technology development they say is based on improper subsidies and stealing or pressuring foreign companies to hand over know-how.
Huawei's resilience reflects its financial and technological strength compared with its smaller Chinese rival, ZTE Corp., which was nearly driven into bankruptcy last year by a ban on access to U.S. technology over its sales to Iran and North Korea. President Donald Trump restored access after ZTE paid a $1 billion fine and replaced its executive team.
Washington's decision to add Huawei to an"entity list" of foreign companies that require official permission to buy technology sent shock waves through U.S. industry. Huawei is one of the biggest buyers of chips and other components and paid American suppliers some $12 billion last year. The company denies suggestions it might install"backdoors" in equipment to permit eavesdropping. Its founder, Ren Zhengfei, a former military engineer, told reporters earlier this year he would reject Chinese government demands to disclose his foreign customers' secrets.
Liang said Huawei can develop its own operating system if necessary, based on its Hongmen system created for internet-linked cars, factory equipment and other devices.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huawei sales soar 23% despite US restrictions on its businessCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Read more »
23 Crazy McDonald's And Starbucks Items You Can't Get In The USBEER?????
Read more »
US Teen Wrongfully Detained By ICE Lost 26 Pounds Over 23 Days In CustodyHow, HOW does this happen?
Read more »
U.S. firms see little clarity on Huawei as U.S.-China talks resumeLack of clarity on what U.S. firms can supply to Huawei is likely to cast a shadow over this week’s U.S.-China trade negotiations in Shanghai by alexalper
Read more »
https://www.foodandwine.comFood & Wine goes way beyond mere eating and drinking. We&039;re on a mission to find the most exciting places, new experiences, emerging trends and sensations.
Read more »
23 Tie-dye Things You Can Buy (on Amazon) for Less Than $75Although tie-dye may be approaching ubiquity, we think there’s still a good few months before peak saturation
Read more »