One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same US blacklist that threatens Huawei Technologies’ survival.
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Huawei has been barred from fully using Android for at least another 12 months, after Donald Trump extended his executive order banning US firms from working with companies deemed a national security risk.
Ever since Donald Trump fired the first shot in the US trade war with China, one technology company has been sitting in the middle, trying to avoid the crossfire.
Huawei rotating chairman Eric Xu said he’s aware of the potential for the US to tighten restrictions on the company. China wouldn’t tolerate such action and it would irrevocably damage the global supply chain.
The stock market’s latest plunge pulled global equities into a bear market with traders taking fright at the potential economic damage of the coronavirus.
Boris Johnson has survived the first Conservative rebellion of the new UK parliament over the involvement of Chinese telecommunications firm Huawei in Britain’s 5G networks.
Justin Trudeau’s industry minister said Canada won’t be strong-armed into a decision on restricting a Chinese technology giant’s access to next-generation wireless networks.
Huawei pleaded not guilty on Wednesday to racketeering charges filed last month by US prosecutors who accused the Chinese telecommunications equipment giant of a 20-year pattern of corporate espionage.
The White House plans to hold a conference with Huawei’s rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said.
While a wave of employee activism marked by walk-outs and protests has rippled through Silicon Valley in the past few years, Oracle has glided along unscathed. No longer.