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Huawei’s bad year before the CFO was arrested

Avatar of Nick John By Nick John Dec16,2023 #arrested #Huawei
Huawei's bad year before the CFO was arrested 4
Huawei's bad year before the CFO was arrested 4

Canadian authorities this morning announced the arrest of Huawei’s Chief Financial Officer – Meng Wanzhou at the request of the US.

A Huawei spokesperson said the company `has been provided with very little information about this` and `does not know what Ms. Meng violated.`

This incident is considered to have ended a turbulent year for this Chinese smartphone and telecommunications equipment giant.

The deal with AT&T collapsed

Huawei’s booth at the CES technology exhibition in June in China.

Huawei kicked off 2018 with an unpleasant event.

Huawei is still frequently opposed by the US, partly because officials in this country are concerned that the Chinese Government could use Huawei’s technology for intelligence activities.

US intelligence agencies warn about Huawei phones

In February, US intelligence agencies continued to advise people in this country not to use Huawei phones.

At that time, Huawei said it was `monitoring developments` in the US Congress, but refused to comment directly on this hearing.

British officials label Huawei a `new risk`.

Britain’s top security officials have warned it is difficult to ensure Huawei equipment does not threaten national security.

On Wednesday, British telecommunications group – BT also announced that it will not buy equipment from Huawei for its next generation mobile network.

Australia bans Huawei from participating in 5G networks

Huawei’s ambition to become a leader in global 5G technology faced a major challenge in August, when Australia banned Huawei from supplying 5G equipment to the country.

The Australian government said the participation of telecommunications equipment providers `likely to receive direction from foreign governments` would make it impossible for the country’s carriers to `fully protect the 5G network from unauthorized access.`

Huawei called this decision `extremely disappointing to consumers`.

The US urges allies not to use Huawei equipment

Last month, the Wall Street Journal said Washington was urging allies to stop using Huawei telecommunications equipment because of security risks.

Last week, New Zealand also banned Spark – the country’s largest telecommunications company – from using Huawei equipment for its 5G network.

However, this year has not entirely brought bad news for Huawei.

In the first half of 2018, Huawei achieved revenue of 325.7 billion yuan (47.4 billion USD), an increase of 15% over the same period last year.

However, analysts warn that Huawei’s troubles with the US are not over yet.

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