4 things to know about Huawei

The Columbus Dispatch - - Front Page -

China is de­mand­ing that Canada re­lease a Huawei Tech­nolo­gies ex­ec­u­tive ar­rested for pos­si­ble ex­tra­di­tion to the United States. Huawei’s chief fi­nan­cial of­fi­cer, Meng Wanzhou, was ar­rested Satur­day in Van­cou­ver, Canada. The Globe and Mail news­pa­per, cit­ing law en­force­ment sources, said she is sus­pected of try­ing to evade U.S. curbs on trade with Iran. Here are some key facts about the fast-grow­ing tele­com equip­ment sup­plier: Wall Street Jour­nal re­ported Wash­ing­ton was in­ves­ti­gat­ing whether Huawei had vi­o­lated sanc­tions on Iran.

Both Huawei and ZTE Corp. have faced trou­ble with the U.S. and other gov­ern­ments over deal­ings with Iran and fears the Chi­nese com­pa­nies’ equip­ment might be used for spy­ing. ZTE was nearly driven out of busi­ness this year when Wash­ing­ton barred it from buy­ing U.S. tech­nol­ogy over ex­ports to North Korea and Iran. Pres­i­dent Don­ald Trump re­stored ac­cess after ZTE agreed to pay a $1 bil­lion fine, re­place its ex­ec­u­tive team and em­bed a U.S.cho­sen com­pli­ance team in the com­pany. Huawei seems much stronger com­mer­cially than ZTE, with the big­gest re­search and devel­op­ment bud­get of any Chi­nese com­pany and a vast port­fo­lio of patents, mak­ing it less de­pen­dent on Amer­i­can sup­pli­ers.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.