Huawei posts revenue rise as US crackdown fails to halt growth October 16, 2019 Huawei has reported a sharp increase in revenue for the third quarter as US sanctions failed to hamper its smartphone shipments. The Chinese tech giant pulled in revenue of 610.8bn yuan (£67.2bn) in the first three quarters, up 24.4 per cent year-on-year. Revenue was up 27 per cent in the three-month period to the end [...]
EU warns of cyber risks from state-backed 5G suppliers October 9, 2019 The EU has warned of increased cybersecurity attacks from state-backed 5G suppliers in an apparent toughening of rhetoric against Chinese tech firm Huawei. In a report published today, member states said it was crucial to assess the risks posed by firms with a large market share in the bloc. Read more: US looks to fund [...]
US looks to fund Huawei’s rivals amid concerns over Chinese dominance October 8, 2019 The US government is said to be looking for ways to pump money into Huawei’s European rivals amid concerns about the Chinese firm’s dominance in the race to roll out 5G. Officials have explored ways of issuing credit to Nokia and Ericsson to enable them to match the generous financing terms that Huawei offers its [...]
Huawei is already making equipment without US parts, says founder September 26, 2019 Chinese tech firm Huawei is already producing 5G base stations that do not use any US components, the company’s founder said today. Read more: US proposes $1bn fund to replace Huawei network equipment Ren Zhengfei said his company is making 5,000 base stations per month and plans to ramp up production to make 1.5m of [...]
US proposes $1bn fund to replace Huawei network equipment September 25, 2019 US politicians have outlined plans for a $1bn (£805m) fund that would allow small telecoms firms to replace network equipment made by controversial Chinese tech giant Huawei. The proposed bipartisan legislation comes after a bill approved by the US Senate Commerce Committee in July that would allow roughly $700m in grants to remove Huawei equipment. [...]
Canada denies wrongdoing during arrest of Huawei finance chief September 24, 2019 There is no evidence that officials acted improperly during the arrest of Huawei chief financial officer Meng Wanzhou, the attorney general of Canada has said. The statement came in a filing made public last night, as Meng and her lawyers appeared in the British Columbia Supreme Court in Vancouver. Read more: Huawei CFO’s arrest to [...]
Huawei CFO’s arrest to be probed in Vancouver hearing September 23, 2019 Lawyers for Huawei’s chief financial officer Meng Wanzhou are set to probe her arrest in Vancouver airport during a court hearing today. Meng was arrested in December on suspicion of misleading banks and violating sanctions against Iran, and is now facing extradition to the US. Read more: Huawei drops lawsuit against US over seized equipment [...]
Huawei drops lawsuit against US over seized equipment September 10, 2019 Huawei has dropped a lawsuit against US authorities over telecoms equipment that was seized on suspicion of export control violations. The Chinese tech firm launched legal action against the commerce department and other government agencies after they seized equipment in 2017 following a lab test in California. Read more: US charges Chinese professor with fraud [...]
US charges Chinese professor with fraud in latest Huawei clash September 9, 2019 US prosecutors have filed charges against a Chinese professor who allegedly stole technology from a Silicon Valley firm to give to Huawei. According to the complaint, Bo Mao entered into an agreement with an unnamed California tech company to obtain its circuit board, claiming it was for academic research. Read more: Huawei accuses US of [...]
Canadian Prime Minister Justin Trudeau accuses China of using ‘arbitrary detention’ for political gain September 6, 2019 Justin Trudeau has hit out at China for using “pressure tactics” in trying to secure the release of Huawei’s chief financial officer, Meng Wanzhou. The Canadian Prime Minister has said that Beijing is “using arbitrary detention as a tool to achieve political goals” after they detained Canadian nationals Michael Kovrig and Michael Spavor. Read more: [...]