Huawei founder Ren Zhengfei has called on employees of its departing Honor subbrand to strive to surpass its parent in a farewell speech as the tech giant sells the budget brand to keep its sanction-hobbled supply chains alive.
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China’s biggest technology firm, Huawei, has risen to global prominence as a leader in 5G. It’s also become a major target for the US as China’s technological prowess has grown along with its ambitions.
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.
Huawei founder Ren Zhengfei has said the US is “over-concerned” about the Chinese company and its rise in the world of technology.
How Huawei survived the US blacklisting could prove a case study in unintended consequences and a vast shift underway in global IT production.
Huawei expects smartphone shipments to grow 20% next year even if it’s blocked from the latest Google software, suggesting US efforts to contain the company’s rise may not be working.
Huawei’s lobbying spending spiked in the third quarter as it hired a fundraiser for President Donald Trump with deep ties to Republican leadership to help it fight back against the administration’s blacklisting.
Huawei Technologies’ revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.
Huawei Technologies founder Ren Zhengfei is ready to license his 5G networking technology only to one other company – and he wants that potential arch-rival to be American.
Huawei is offering up its most valuable 5G secrets and $1.5-billion to software developers, courting the global tech community at a time the US is heightening scrutiny of the Chinese giant.