U.S regulators are working to establish new rules that will clarify how domestic companies could cooperate with Huawei in developing 5G standards.
TagHuawei U.S. Trade War
China’s biggest smartphone maker Huawei reported a 2019 revenue growth of 19.1% year-on-year to around $122 billion on Tuesday.
Huawei, the Chinese telecom giant expects its sales in 2020 to drop by as much as 20%, primarily affected by US sanctions and the Covid-19 epidemic.
Huawei said the indictment was not based on law enforcement, but was rather an attempt to cause irreversible damage to the company’s reputation and businesses for competitive reasons.
Huawei’s full-year revenue would likely soar 18% in 2019 to 850 billion yuan ($121.72 billion), lower than its earlier estimates, with a US boycott likely impeding the company’s growth.
Huawei recently responded to reporting from the Wall Street Journal, insisting that Huawei’s relationship with the Chinese Government is no different than other private companies’.
Huawei’s Consumer Business CEO revealed that Huawei’s total mobile phone shipments are to reach 230 million, surpassing Apple as the second most globally, just behind Samsung.
Huawei CEO Richard Yu confirmed the launch date for the upcoming Huawei P40 and P40 Pro handsets.
Lawyers for Huawei’s CFO, Meng Wanzhou, have won a court battle after a judge asked Canada’s attorney general to hand over more evidence and documents relating to her arrest.
In a recent wide-ranging conversation with The Globe’s Nathan VanderKlippe, Huawei Founder and CEO Ren Zhengfei commented on his daughter’s arrest and Huawei’s strategy more broadly.
On December 5, Huawei filed a petition with the Fifth Circuit Court in New Orleans.
In an interview with CNN, Ren Zhengfei decided to break the silence and address the issue implying that the the US has treated Huawei unfairly.
The US Commerce Department said on Monday that they would grant Chinese telecom giant Huawei a 90-day extension on their license allowing them to do business with American companies.
The US government is set to make yet another two-week extension to its license targeted at Chinese telecoms giant Huawei, allowing it to continue doing business with US companies for a short while.
Huawei said that it will hand out $286 million in cash bonuses and double almost all employees’ monthly salaries for October as a reward for mitigating the impact of its US blacklisting.