Huawei Finally Admits to Impact of US Blacklisting

Last month, US President Donald Trump put the Chinese telecoms giant on an "entity list", which bans American companies from doing business with the firm without government approval.

"The charges unsealed today clearly allege that Huawei intentionally conspired to steal the intellectual property of an American company in an attempt to undermine the free and fair global marketplace", FBI Director Christopher Wray said in January. Huawei's inclusion on the list has raised concerns about the future of the company, which may have to downsize its production because of a lack of chip supply and software support from United States firms.

The US publicly asked its allies to steer clear of using Huawei products over concerns that the equipment could be used by the Chinese government to obtain private information.

This isn't about helping Huawei. "It's about preventing harm to American companies", one of the people said.

Malaysia will send as much as 3,000 tonnes of plastic waste back to the countries it came from, the environment minister said on Tuesday (May 28), the latest Asian country to reject rich countries' rubbish.

Huawei has emerged as a key bone of contention in the wider China-US trade war that has seen tit-for-tat tariffs imposed on hundreds of billions of dollars worth of goods. "This is obviously not about national security; it's about something else", he said.

"There is no way we can be beaten to death", Ren said.

Huawei has endured a torrid few weeks, as it continues to battle the effects of a USA trade ban.

Huawei is also planning to ramp up its efforts to collaborate with multinational companies, at least with those that are still willing to work with them.

Ltd. will miss its forecast for sales revenue by over the next two years, Ren said, as it adjusts to a ban that restricts its access to US technology and components.

Ren said the company had expected tough competition, and even conflict, once it reached a position of market leadership. Intel, Xilinx and Qualcomm declined to comment.

After weeks of bold talk, Huawei has finally admitted that the US blacklisting of the firm will have a material impact on its revenues.

"Even if we were small, we have very strong business ethics and integrity, otherwise we can not come to where we are today", Ren said. The city's vice mayor said he is watching the situation very closely. Huawei lags slightly behind Samsung who now helms the largest market share, at 19.2%.

"We simply have no channel of communication", Liang told reporters earlier this month.

Last week, a group of United Kingdom mobile operators wrote a letter to the government's cabinet secretary Mark Sedwill to urge Whitehall to clarify its position over Chinese tech giant Huawei.

  • Arturo Norris


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