US Sanctions on Huawei Will Hurt Global Telecom Industry, Say Huawei Execs

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At its ongoing annual analyst summit in Shenzhen, China, Huawei has hit again on the US authorities’s hardening stance towards the corporate. Keynote audio system on the occasion additionally vociferously denied persistent allegations of spying leveled on the firm by some US lawmakers and safety businesses. Huawei’s rotating chairman, Guo Ping, additionally accused the US authorities of injuring the worldwide telecom and expertise trade with its anti-Huawei insurance policies.

According to Ping: “In its relentless pursuit to tighten its stranglehold on our company, the US government has decided to proceed and completely ignore the concerns of many companies and industry associations. This decision was arbitrary and pernicious, and threatens to undermine the entire industry worldwide. This new rule will impact the expansion, maintenance, and continuous operations of networks worth hundreds of billions of dollars that we have rolled out in more than 170 countries”.

Ping was referring to the US authorities’s latest transfer to dam international semiconductor foundries, like TSMC, from manufacturing chips for Huawei. According to the nation’s Commerce Secretary, Wilbur Ross, the transfer will forestall Huawei from utilizing American expertise to design and manufacture semiconductors by circumventing current commerce sanctions. The Trump administration had earlier prolonged the commerce sanctions on Huawei till May 2021.

Huawei’s shopper enterprise CEO, Yu Chengdong, additionally got here down closely on the US authorities. Speaking on the similar occasion on Monday, he claimed that the actions are much less about US nationwide safety issues and extra about sustaining US technological hegemony around the globe. According to him: “The so-called national security is just an excuse. It’s the threat to its technological hegemony that counts”.

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