Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday.

The Chinese tech giant moved into chip production last year and is receiving an estimated $30 billion in state funding from the government, the Semiconductor Industry Association said, adding that Huawei has acquired at least two existing plants and is building three others.

The US&nbsp;Commerce Department had added Huawei to its export control list in 2019 over security concerns. The company denies being a security risk.

If Huawei is constructing facilities under the names of other companies as the Semiconductor Industry Association says, then it might be able to circumvent U.S. government restrictions to indirectly purchase American chip-making equipment, according to the Bloomberg report.

Huawei and the Semiconductor Industry Association did not immediately respond to Reuters' requests for comment.

Huawei has been placed on a trade blacklist in the United States, restricting most suppliers from shipping goods and technology to the company unless they were granted licenses. Officials have continued to tighten the controls to cut off the company's ability to buy or design the semiconductor chips that power most of its products.

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday.

Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday. The Chinese tech giant moved into chip production last year and is receiving an estimated $30 billion in state funding from the government, the Semiconductor Industry Association said, adding that Huawei has acquired at least two existing plants and is building three others. The US Commerce Department had added Huawei to its export control list in 2019 over security concerns. The company denies being a security risk. If Huawei is constructing facilities under the names of other companies as the Semiconductor Industry Association says, then it might be able to circumvent U.S. government restrictions to indirectly purchase American chip-making equipment, according to the Bloomberg report. Huawei and the Semiconductor Industry Association did not immediately respond to Reuters' requests for comment. Huawei has been placed on a trade blacklist in the United States, restricting most suppliers from shipping goods and technology to the company unless they were granted licenses. Officials have continued to tighten the controls to cut off the company's ability to buy or design the semiconductor chips that power most of its products. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Huawei is building secret network for chips, trade group warns: Report

Chinese technology giant Huawei is reportedly strategising a return to the 5G smartphone market later this year, signaling a resurgence after its consumer electronics business suffered due to a U.S. ban on equipment sales. According to undisclosed sources from three third-party technology research firms specializing in China's smartphone sector cited by Reuters, Huawei is expected to procure 5G chips domestically, leveraging its own advancements in semiconductor design tools along with the chipmaking capabilities of Semiconductor Manufacturing International Co (SMIC). Although Huawei declined to comment on the matter, the potential return to the 5G phone market could mark a significant victory for the company that faced severe setbacks in recent years.

Challenges and Recovery

Huawei's consumer business revenue peaked in 2020 at 483 billion yuan ($67 billion) but plummeted by nearly 50 per cent in the following year. The company, once a major contender alongside Apple and Samsung for the title of the world's largest handset maker, faced a series of U.S. restrictions starting in 2019, severely limiting its access to essential chipmaking tools for its advanced smartphone models. The U.S. and European governments had labeled Huawei a security risk, a claim the company vehemently denies. Consequently, Huawei has been selling limited batches of 5G models using stockpiled chips while primarily relying on last-generation 4G handsets for sales. As a result, its global rankings significantly dropped, but it managed to capture a 10 per cent market share in China in the first quarter of this year.

5G Revival Projections

Research firms familiar with Huawei's operations anticipate adopting SMIC's N+1 manufacturing process for 5G chip production. However, due to an estimated yield rate of usable chips below 50 per cent, initial 5G shipments are expected to be limited to around 2 million to 4 million units. Another research firm projects shipments of up to 10 million units without providing further details. In comparison, Huawei shipped 240.6 million smartphones worldwide in its peak year of 2019. These projections suggest a gradual recovery in Huawei's smartphone business, especially considering the company's raised 2023 mobile shipment target to 40 million units.

Revamped 5G Smartphone Lineup

Should Huawei reenter the 5G smartphone market, it is anticipated that flagship models such as the P60 will receive 5G upgrades, with potential new launches expected in early 2024. However, the U.S. restrictions have disconnected Huawei from Google's Android operating system and the accompanying bundle of developer services, significantly limiting the appeal of Huawei handsets outside of China.

Advancements in Chip Design Tools

In March, Huawei announced significant breakthroughs in electronic design automation (EDA) tools for chips manufactured at and above 14 nanometers (nm) technology. This development enables Huawei to leverage its own EDA software with SMIC's N+1 manufacturing process, potentially producing chips at the equivalent of 7 nm, commonly used in 5G phones. While U.S. restrictions prevented SMIC from acquiring an advanced chipmaking tool critical for 7 nm chip production, there are indications that SMIC has managed to produce 7 nm chips by optimizing existing DUV machines obtained from Dutch firm ASML.

(With Inputs from Reuters)

Chinese technology giant Huawei is reportedly strategising a return to the 5G smartphone market later this year, signaling a resurgence after its consumer electronics business suffered due to a U.

Chinese technology giant Huawei is reportedly strategising a return to the 5G smartphone market later this year, signaling a resurgence after its consumer electronics business suffered due to a U.S. ban on equipment sales. According to undisclosed sources from three third-party technology research firms specializing in China's smartphone sector cited by Reuters, Huawei is expected to procure 5G chips domestically, leveraging its own advancements in semiconductor design tools along with the chipmaking capabilities of Semiconductor Manufacturing International Co (SMIC). Although Huawei declined to comment on the matter, the potential return to the 5G phone market could mark a significant victory for the company that faced severe setbacks in recent years. Challenges and Recovery Huawei's consumer business revenue peaked in 2020 at 483 billion yuan ($67 billion) but plummeted by nearly 50 per cent in the following year. The company, once a major contender alongside Apple and Samsung for the title of the world's largest handset maker, faced a series of U.S. restrictions starting in 2019, severely limiting its access to essential chipmaking tools for its advanced smartphone models. The U.S. and European governments had labeled Huawei a security risk, a claim the company vehemently denies. Consequently, Huawei has been selling limited batches of 5G models using stockpiled chips while primarily relying on last-generation 4G handsets for sales. As a result, its global rankings significantly dropped, but it managed to capture a 10 per cent market share in China in the first quarter of this year. 5G Revival Projections Research firms familiar with Huawei's operations anticipate adopting SMIC's N+1 manufacturing process for 5G chip production. However, due to an estimated yield rate of usable chips below 50 per cent, initial 5G shipments are expected to be limited to around 2 million to 4 million units. Another research firm projects shipments of up to 10 million units without providing further details. In comparison, Huawei shipped 240.6 million smartphones worldwide in its peak year of 2019. These projections suggest a gradual recovery in Huawei's smartphone business, especially considering the company's raised 2023 mobile shipment target to 40 million units. Revamped 5G Smartphone Lineup Should Huawei reenter the 5G smartphone market, it is anticipated that flagship models such as the P60 will receive 5G upgrades, with potential new launches expected in early 2024. However, the U.S. restrictions have disconnected Huawei from Google's Android operating system and the accompanying bundle of developer services, significantly limiting the appeal of Huawei handsets outside of China. Advancements in Chip Design Tools In March, Huawei announced significant breakthroughs in electronic design automation (EDA) tools for chips manufactured at and above 14 nanometers (nm) technology. This development enables Huawei to leverage its own EDA software with SMIC's N+1 manufacturing process, potentially producing chips at the equivalent of 7 nm, commonly used in 5G phones. While U.S. restrictions prevented SMIC from acquiring an advanced chipmaking tool critical for 7 nm chip production, there are indications that SMIC has managed to produce 7 nm chips by optimizing existing DUV machines obtained from Dutch firm ASML. (With Inputs from Reuters)

Huawei's 5G smartphone comeback: The phoenix rises from US ban ashes

The European Commission warned on Thursday (June 15) that Chinese telecom giants Huwaei and ZTE pose a risk to the European Union's security. It announced that it will no longer use services that rely on the companies.

"The commission considers that Huawei and ZTE represent in fact materially higher risks than other 5G suppliers," the EU's executive arm said in a statement.

The European Commission added that it "will take relevant security measures so as not to procure new connectivity services that rely on equipment from those suppliers".

Thierry Breton, the EU's internal market Commissioner appealed 27-member states and telecom operators to exclude equipment&nbsp;from these companies from their mobile networks.

"We cannot afford to maintain critical dependencies that could become a 'weapon' against our interests. That would be too critical a vulnerability and too serious a risk to our common security," Breton said during a press conference in Brussels.

Watch | European Union Parliament passes world's first law on A-I rules

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/european-union-parliament-passes-worlds-first-law-on-a-i-rules-604422/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Some 24 EU member states have adopted the rules or are laying down the groundwork to give national authorities the power&nbsp;to issue restrictions, the commission said.

Breton, however, said that only 10 members had used the rules to restrict or exclude high-risk vendors. He did not name the countries.

"This is too slow, and it poses a major security risk and exposes the union's collective security, since it creates a major dependency for the EU and serious vulnerabilities," he said.

The move has come three years after European Commission introduced strict 5G rules. The rules however, did not include an outright ban on any particular supplier and it did not name Huawei.

Also Read | <a href="https://www.wionews.com/world/european-parliament-votes-in-favour-of-regulating-use-of-ai-across-bloc-604527">European Parliament votes in favour of regulating use of AI across bloc</a>

Thursday's announcement therefore marks a departure for the bloc and represents the EU's increasingly tougher line on China, while maintaining ties with Beijing.

<h2>US pressure</h2>

The United States has put pressure on Europe to exclude the companies over national security concerns and last year issued a ban on the import or sale of communications equipment from Chinese companies including Huawei and ZTE.

Washington has previously expressed fears that Huawei equipment could be compromised by Chinese intelligence.

Britain has also blocked Huawei's involvement in the roll-out of its 5G telecoms network.

(With inputs from agencies)

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

&nbsp;

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

The European Commission warned on Thursday (June 15) that Chinese telecom giants Huwaei and ZTE pose a risk to the European Union's security. It announced that it will no longer use services that rely on the companies.

The European Commission warned on Thursday (June 15) that Chinese telecom giants Huwaei and ZTE pose a risk to the European Union's security. It announced that it will no longer use services that rely on the companies. "The commission considers that Huawei and ZTE represent in fact materially higher risks than other 5G suppliers," the EU's executive arm said in a statement. The European Commission added that it "will take relevant security measures so as not to procure new connectivity services that rely on equipment from those suppliers". Thierry Breton, the EU's internal market Commissioner appealed 27-member states and telecom operators to exclude equipment from these companies from their mobile networks. "We cannot afford to maintain critical dependencies that could become a 'weapon' against our interests. That would be too critical a vulnerability and too serious a risk to our common security," Breton said during a press conference in Brussels. Watch | European Union Parliament passes world's first law on A-I rules × Some 24 EU member states have adopted the rules or are laying down the groundwork to give national authorities the power to issue restrictions, the commission said. Breton, however, said that only 10 members had used the rules to restrict or exclude high-risk vendors. He did not name the countries. "This is too slow, and it poses a major security risk and exposes the union's collective security, since it creates a major dependency for the EU and serious vulnerabilities," he said. The move has come three years after European Commission introduced strict 5G rules. The rules however, did not include an outright ban on any particular supplier and it did not name Huawei. Also Read | European Parliament votes in favour of regulating use of AI across bloc Thursday's announcement therefore marks a departure for the bloc and represents the EU's increasingly tougher line on China, while maintaining ties with Beijing. US pressure The United States has put pressure on Europe to exclude the companies over national security concerns and last year issued a ban on the import or sale of communications equipment from Chinese companies including Huawei and ZTE. Washington has previously expressed fears that Huawei equipment could be compromised by Chinese intelligence. Britain has also blocked Huawei's involvement in the roll-out of its 5G telecoms network. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Chinese telecom giants Huawei, ZTE pose risk to EU security, says European Commission

The European Union (EU) is considering a mandatory ban on the member states using companies that might pose a security risk in their 5G networks, including China's Huawei.

The European Union (EU) is considering a mandatory ban on the member states using companies that might pose a security risk in their 5G networks, including China's Huawei. According to a report by The Financial Times on Tuesday (June 6), the move comes as a response to increasing concerns in Brussels about certain national governments delaying action on the matter. During an EU telecom minister's meeting last Friday, the EU's Internal Market Commissioner Thierry Breton noted that only a third of member countries banned Huawei from critical parts of the bloc's 5G communications, despite recommendations by Brussels to exclude high-risk vendors from technology investments. “This is too few. And it exposes the union’s collective security,” Breton said, as cited by The Financial Times. Also read | Huawei's founder says tech giant has replaced thousands of US-banned parts with Chinese versions Back in 2020, the EU had said that member-states could either restrict or exclude high-risk 5G vendors such as Huawei from core parts of their telecoms network and resisted pressure back then from the United States on Chinese telcos. And as guidance fell short of a ban in 2020, the EU could introduce the mandatory ban on companies deemed to present a security risk, if member states, including Germany, continued to delay, the report added. Will the ban come soon? As per the report, the new rules forcing the ban are unlikely to come before the five-year term of the current European Commission ends. In Germany, officials expressed concerns about the ties between Deutsche Telekom and Huawei. In March, a government source told Reuters that Berlin had been considering a ban on certain components from Huawei and ZTE (another Chinese company) in its telecom networks. 'Huawei opposes politicising cyber security evaluation' Huawei, meanwhile, said that it opposed politicising cyber security evaluation, adding no court ever found that Huawei engaged in malicious intellectual property theft, or required Huawei to pay damages for infringement on others’ intellectual property. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

EU mulls mandatory ban on member states using Huawei to build 5G: Report

China's Huawei Technologies said on Friday (March 31) that it's net profit had slumped last year. However, the revenue climbed 0.9 per cent which was in line with a prediction by the company. This is indicative of the company having reached some level of stability after several rounds of US export controls.

Huawei post net profit of 35.6 billion yuan (USD 5.2 billion). The profit was down roughly two-thirds from 2021 when profit was helped by the sale of its mid-range Honor smartphone business. The decline was, however, still severe even when compared to 2020 - a drop of 44%.

"Our financial position remains solid, with strong resilience and flexibility," said Meng, who will become the company's chairwoman on April 1. Huawei rotates its chairperson every six months.

Chairman Eric Xu said the company saw areas such as green development as opportunities and were investing in 5.5th and 6th generation technology, with the hope that they may be able to start rolling out 5.5G products by 2025.

Xu, asked about recent comments about breakthroughs in electronic design automation (EDA) tools for chips produced at and above 14-nanometre technology, said the company had achieved that with its partners and that meant that Huawei could use its own EDA tools to design chips.

Huawei, a major supplier of equipment used in 5G telecommunications networks, has been the target of U.S. export controls since 2019, restricting its supply of chips and chip-design tools from US companies.

(With inputs from agencies)

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

&nbsp;

China's Huawei Technologies said on Friday (March 31) that it's net profit had slumped last year. However, the revenue climbed 0.9 per cent which was in line with a prediction by the company.

China's Huawei Technologies said on Friday (March 31) that it's net profit had slumped last year. However, the revenue climbed 0.9 per cent which was in line with a prediction by the company. This is indicative of the company having reached some level of stability after several rounds of US export controls. Huawei post net profit of 35.6 billion yuan (USD 5.2 billion). The profit was down roughly two-thirds from 2021 when profit was helped by the sale of its mid-range Honor smartphone business. The decline was, however, still severe even when compared to 2020 - a drop of 44%. "Our financial position remains solid, with strong resilience and flexibility," said Meng, who will become the company's chairwoman on April 1. Huawei rotates its chairperson every six months. Chairman Eric Xu said the company saw areas such as green development as opportunities and were investing in 5.5th and 6th generation technology, with the hope that they may be able to start rolling out 5.5G products by 2025. Xu, asked about recent comments about breakthroughs in electronic design automation (EDA) tools for chips produced at and above 14-nanometre technology, said the company had achieved that with its partners and that meant that Huawei could use its own EDA tools to design chips. Huawei, a major supplier of equipment used in 5G telecommunications networks, has been the target of U.S. export controls since 2019, restricting its supply of chips and chip-design tools from US companies. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Huawei profits slump, but revenue edges up

Huawei's founder Ren Zhengfei said that the Chinese technology giant has replaced thousands of product components that are banned in the United States with homegrown versions, the news agency AFP reported on Saturday (March 18) citing a transcript posted by Shanghai Jiao Tong University on Friday. Former US president Donald Trump's administration had effectively barred American companies from doing business with Huawei. And Trump's successor Joe Biden imposed further sanctions including a ban on sales of new Huawei equipment to the US.&nbsp;

These moves have forced the company to find new ways to obtain semiconductors and other parts. According to the Shanghai Jiao Tong University's transcript, Zhengfei said on February 24 that Huawei replaced over 13,000 components with domestic versions in the last three years. He said that Huawei also redeveloped over 4,000 circuit boards for its products.&nbsp;

ALSO READ | <a href="https://www.wionews.com/business-economy/germany-planning-to-ban-huawei-zte-from-parts-of-5g-networks-paper-569540">Germany planning to ban Huawei, ZTE from parts of 5G networks: Paper</a>

"As of now, our circuit board (production) has stabilised, because we have a supply of domestically produced components," the Huawei founder added but did not provide details regarding which specific parts were being sourced from within China or what proportion of the company's total supply they represented.

During the talk, Zhengfei further said that there were still difficulties with manufacturing advanced microchips in China and so Huawei has to find other ways of making up ground (with the US) on chips. In 2022, the company spent $23.8 billion on research and development, Zhengfei said, adding that it would invest more in the coming years as profits increase.&nbsp;

"We're still in a difficult period, but have not stopped on the road towards progress," the founder added.&nbsp;

On Friday, the news agency Reuters reported that a letter from the German economy ministry said that the ban on certain components by Huawei and ZTE could have a significant impact on Germany's mobile network. The letter comes as Berlin has been reviewing telecom tech suppliers and said it is not directed at specific companies.&nbsp;

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

Huawei's founder Ren Zhengfei said that the Chinese technology giant has replaced thousands of product components that are banned in the United States with homegrown versions, the news agency AFP reported on Saturday (March 18) citing a transcript posted by Shanghai Jiao Tong University on Friday.

Huawei's founder Ren Zhengfei said that the Chinese technology giant has replaced thousands of product components that are banned in the United States with homegrown versions, the news agency AFP reported on Saturday (March 18) citing a transcript posted by Shanghai Jiao Tong University on Friday. Former US president Donald Trump's administration had effectively barred American companies from doing business with Huawei. And Trump's successor Joe Biden imposed further sanctions including a ban on sales of new Huawei equipment to the US. These moves have forced the company to find new ways to obtain semiconductors and other parts. According to the Shanghai Jiao Tong University's transcript, Zhengfei said on February 24 that Huawei replaced over 13,000 components with domestic versions in the last three years. He said that Huawei also redeveloped over 4,000 circuit boards for its products. ALSO READ | Germany planning to ban Huawei, ZTE from parts of 5G networks: Paper "As of now, our circuit board (production) has stabilised, because we have a supply of domestically produced components," the Huawei founder added but did not provide details regarding which specific parts were being sourced from within China or what proportion of the company's total supply they represented. During the talk, Zhengfei further said that there were still difficulties with manufacturing advanced microchips in China and so Huawei has to find other ways of making up ground (with the US) on chips. In 2022, the company spent $23.8 billion on research and development, Zhengfei said, adding that it would invest more in the coming years as profits increase. "We're still in a difficult period, but have not stopped on the road towards progress," the founder added. On Friday, the news agency Reuters reported that a letter from the German economy ministry said that the ban on certain components by Huawei and ZTE could have a significant impact on Germany's mobile network. The letter comes as Berlin has been reviewing telecom tech suppliers and said it is not directed at specific companies. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Huawei's founder says tech giant has replaced thousands of US-banned parts with Chinese versions

Chinese tech giant Huawei on Friday (December 30) estimated that its 2022 revenue remained flat. This indicates that decline in company's sales due to US sanctions had come to a halt. The company's sales have registered a meagre increase of 0.02 per cent. In spite of this, rotating chairman Eric Xu sounded upbeat in company's annual New Year's letter.

"US restrictions are now our new normal, and we're back to business as usual," Xu wrote in the letter that was addressed to staff and released to media.

As per Xu, the revenue for the year is expected to be 636.9 billion yuan ($91.53 billion). Huawei's revenue has increased by a small percentage than what it was in 2021 (636.8 billion yuan).

Xu's letter did not mention Huawei's profitability. The company typically discloses its full annual results in the following year's first quarter.

In 2019, Huawei's revenue had his a record USD 122 billion. At the time the company was at its peak as the top Android smartphone vendor globally.

In 2019, the US&nbsp;Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet Inc's Android for its new smartphones, among other critical US-origin technologies.

The sanctions caused its handset device sales to plummet. It also lost access to critical components that barred it from designing its line of processors for smartphones under its HiSilicon chip division.

The company continues to generate revenue via its networking equipment division, which competes with Nokia and Ericsson. It also operates a cloud computing division.

(With inputs from agencies)

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

Chinese tech giant Huawei on Friday (December 30) estimated that its 2022 revenue remained flat. This indicates that decline in company's sales due to US sanctions had come to a halt.

Chinese tech giant Huawei on Friday (December 30) estimated that its 2022 revenue remained flat. This indicates that decline in company's sales due to US sanctions had come to a halt. The company's sales have registered a meagre increase of 0.02 per cent. In spite of this, rotating chairman Eric Xu sounded upbeat in company's annual New Year's letter. "US restrictions are now our new normal, and we're back to business as usual," Xu wrote in the letter that was addressed to staff and released to media. As per Xu, the revenue for the year is expected to be 636.9 billion yuan ($91.53 billion). Huawei's revenue has increased by a small percentage than what it was in 2021 (636.8 billion yuan). Xu's letter did not mention Huawei's profitability. The company typically discloses its full annual results in the following year's first quarter. In 2019, Huawei's revenue had his a record USD 122 billion. At the time the company was at its peak as the top Android smartphone vendor globally. In 2019, the US Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet Inc's Android for its new smartphones, among other critical US-origin technologies. The sanctions caused its handset device sales to plummet. It also lost access to critical components that barred it from designing its line of processors for smartphones under its HiSilicon chip division. The company continues to generate revenue via its networking equipment division, which competes with Nokia and Ericsson. It also operates a cloud computing division. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Huawei registers plateaued revenue growth, US sanctions impact wanes

Four United States lawmakers have introduced a bill "to severely'' sanction Chinese technological giant Huawei and untrustworthy Chinese 5G producers who engage in espionage against the US. The bill has been introduced by Republican senator Tom Cotton and backed by lawmakers including two democrats —&nbsp;Chris Van Hollen and Chuck Schumer.&nbsp;

"This bill would add these entities to the Treasury Department's Specially Designated Nationals (SDN) List, which would effectively freeze them from accessing the US financial system. Congressman Mike Gallagher (WI-08) introduced companion legislation in the US&nbsp;House of Representatives,'' a statement issued by Cotton said on Tuesday.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/huawei-may-be-evading-us-sanctions-through-a-small-start-up-report-523079">Huawei may be evading US sanctions through a small start-up: Report</a>

“We’ve made great strides in recent years at home and abroad in combatting Huawei’s malign attempts to dominate 5G and steal Americans’ data," Cotton added.&nbsp; 
Pointing out that Huawei is an arm of Chinese intelligence, Cotton said that Huawei and the Chinese Communist Party (CCP) cannot be allowed to have access to Americans’ personal data and the country’s most sensitive defence systems.&nbsp;

"We must address the dire threat these Chinese companies pose to our national security,” Cotton further said in the statement.&nbsp;

Senator Chris Van Hollen, meanwhile, said on Tuesday that foreign companies that spy on the United States and violate its laws should face severe consequences, adding Huawei is a repeat offender.&nbsp;

"This bipartisan bill will bolster our national defences by further sanctioning Huawei and other similar bad actors seeking to undermine our security,” Hollen added.&nbsp;

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1  width=&quot;100%&quot;"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

Four United States lawmakers have introduced a bill "to severely'' sanction Chinese technological giant Huawei and untrustworthy Chinese 5G producers who engage in espionage against the US.

Four United States lawmakers have introduced a bill "to severely'' sanction Chinese technological giant Huawei and untrustworthy Chinese 5G producers who engage in espionage against the US. The bill has been introduced by Republican senator Tom Cotton and backed by lawmakers including two democrats — Chris Van Hollen and Chuck Schumer. "This bill would add these entities to the Treasury Department's Specially Designated Nationals (SDN) List, which would effectively freeze them from accessing the US financial system. Congressman Mike Gallagher (WI-08) introduced companion legislation in the US House of Representatives,'' a statement issued by Cotton said on Tuesday. ALSO READ | Huawei may be evading US sanctions through a small start-up: Report “We’ve made great strides in recent years at home and abroad in combatting Huawei’s malign attempts to dominate 5G and steal Americans’ data," Cotton added. Pointing out that Huawei is an arm of Chinese intelligence, Cotton said that Huawei and the Chinese Communist Party (CCP) cannot be allowed to have access to Americans’ personal data and the country’s most sensitive defence systems. "We must address the dire threat these Chinese companies pose to our national security,” Cotton further said in the statement. Senator Chris Van Hollen, meanwhile, said on Tuesday that foreign companies that spy on the United States and violate its laws should face severe consequences, adding Huawei is a repeat offender. "This bipartisan bill will bolster our national defences by further sanctioning Huawei and other similar bad actors seeking to undermine our security,” Hollen added. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

US lawmakers introduce bill to severely sanction Huawei, Chinese 5G companies

Saudi Arabia has signed an MoU with Huawei. The deal entails building high-tech complexes in Saudi cities. Will China now have access to American Defence technology? Molly Gambhir reports.

Gravitas: Saudi Arabia signs a deal with Huawei

The US Federal Communications Commission on Friday announced that all telecommunication equipment produced by Chinese companies Huawei Technologies and the ZTE Corporation was banned from being sold on the United States soil.

The US Federal Communications Commission on Friday announced that all telecommunication equipment produced by Chinese companies Huawei Technologies and the ZTE Corporation was banned from being sold on the United States soil. The regulator said the two companies posed an 'unacceptable' security risk and that the decision was aimed at protecting the American public. "The FCC is committed to protecting our national security by ensuring that untrustworthy communications equipment is not authorized for use within our borders, and we are continuing that work here," said Jessica Rosenworcel, FCC chairwoman. "These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications," she added. All four commissioners at the agency, including two Republicans and two Democrats, supported the move. Apart from Huawei and ZTE, video surveillance equipment companies viz. Hangzhou Hikvision and Dahua Technology and telecom firm Hytera Communications Corp Ltd have also been barred from selling their equipment. WATCH | US prosecutors charge two Chinese nationals with spying for Huawei × It was in June last year that the FCC first indicated that it was considering banning all equipment authorisation for Huawei and ZTE. Chinese companies have long been on the radar of Washington and the regulators. It all started during the tenure of former president Donald Trump, who was particularly severe on Chinese tech companies. Trump was of the view that Huawei had deep ties with China's authoritarian regime and that the company was rigging its 5G equipment to act as spy tools for the Politburo. Consequently, in 2019, Huawei was put on a trade blacklist; meaning US suppliers were barred from doing business with the Chinese company. Read more: Trump-era sanctions, slowdown mean Huawei loses its employees for the first time since 2008 As for ZTE, the company was banned for seven years after it violated the terms of a settlement deal for illegally shipping goods made with US parts to Iran and North Korea. While Trump's policies did not keep Chinese products out of the US, FCC's decision is expected to impose a blanket ban on the sales. (With inputs from agencies) WATCH WION LIVE HERE:

US regulator bans Huawei, ZTE from selling their equipment in country. Here's why.

US Federal Communications Commission has imposed a ban on import and sale of communication equipment from Chinese firms, Huawei Technologies and ZTE. This is the latest escalation in US policy towards Chinese tech giants.

US bans import, sale of Huawei equipment; prevents authorisation of article

A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result. The latest findings by Voice Against Autocracy pointed towards a potential network of Chinese technology firms that are helping the Communist Party in&nbsp;disrupting the system of foreign countries through&nbsp;global surveillance.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/sri-lanka-president-announces-budget-aims-for-a-turnaround-by-the-end-of-2023-534036" hreflang="en">Sri Lanka President announces budget; aims for a turnaround by the end of 2023</a>

The biggest name that featured in the Voice Against Autocracy report were Chinese telecommunication firm Huawei. The company currently accounts for over 30 per cent of the global telecom market and it has also gained close than 100 contracts around the world when it comes to the 5G technology. As a result, it has a part to play in cyber security and Chinese authorities can be manipulating the sector.&nbsp;

China with its peculiar objectives is attempting to by-pass the obstacle of convincing nations to entrust its rise but, on a total contrary, is rather on the path of using coercive means to sabotage the digital infrastructure of nations that are least concerned about the rising Chinese threat," the report stated.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/g20-meet-live-updates-us-president-will-seek-to-establish-red-lines-in-face-to-face-talks-with-xi-533875" hreflang="en">G20 Summit LIVE | Biden tells Xi hopes to avoid US-China 'conflict'</a>

Huawei has come under the scanner of a number of global institutions after it received subsidies worth $75 billion from the Chinese government. Hikvision, the company well known for creating surveillance equipment, also gained massively from the government as they received over $694 million.&nbsp;

Following the announcements regarding the subsidies, the United States went ahead and listed five Chinese companies including Huawei and Hikvision as “severe threat to national security”.&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result.

A new report claims that China is trying to damage the digital infrastructure of several countries and the authorities have employed various “coercive” measures to achieve that result. The latest findings by Voice Against Autocracy pointed towards a potential network of Chinese technology firms that are helping the Communist Party in disrupting the system of foreign countries through global surveillance. Also read | Sri Lanka President announces budget; aims for a turnaround by the end of 2023 The biggest name that featured in the Voice Against Autocracy report were Chinese telecommunication firm Huawei. The company currently accounts for over 30 per cent of the global telecom market and it has also gained close than 100 contracts around the world when it comes to the 5G technology. As a result, it has a part to play in cyber security and Chinese authorities can be manipulating the sector. China with its peculiar objectives is attempting to by-pass the obstacle of convincing nations to entrust its rise but, on a total contrary, is rather on the path of using coercive means to sabotage the digital infrastructure of nations that are least concerned about the rising Chinese threat," the report stated. Also read | G20 Summit LIVE | Biden tells Xi hopes to avoid US-China 'conflict' Huawei has come under the scanner of a number of global institutions after it received subsidies worth $75 billion from the Chinese government. Hikvision, the company well known for creating surveillance equipment, also gained massively from the government as they received over $694 million. Following the announcements regarding the subsidies, the United States went ahead and listed five Chinese companies including Huawei and Hikvision as “severe threat to national security”.

China trying to  'sabotage' digital infrastructure of other countries: Report

United States has now accused China of meddling into its domestic affairs. US prosecutors said on Monday they have charged two Chinese nationals who were trying to obtain secret documents.

US prosecutors charge two Chinese nationals with spying for Huawei

Huawei, one of the major names in global tech companies may be evading US sanctions through a little-known start-up in China. USA blacklisted Huawei, a Chinese company, in 2019 viewing it as a military and economic threat. The blacklisting meant that Huawei's ability to acquire Americam semicondutors and using American technology to make chips was severely restricted.&nbsp;

But now, the Chinese company may be trying to circumvent the sanctions and acquiring components required to make microschips, said a report in Bloomberg.

As per the report, a startup named Pengxinwei IC Manufacturing Co (PXW) has placed orders for such components. The startup is based in Huawei's hometown of Shenzhen. Huawei is reportedly providing support to PXW to set up a semiconductor manufacturing unit. What's more, a former Huawei executive is running the startup.

USA blacklisted Huawei in 2019 and even pressed allies like UK and Japan to take steps to eliminate Huawei's presence from their tech sphere. Because of this, there are obstacles for Huawei to import components from these countries.&nbsp;

PXW however, may not face such hurdles. Bloomberg said that the company may be able to acquire components from Japan with lesser hassles that what Huawei would have to go through. In a statement mentioned in the report, PXW said that it had inked deals with suppliers and intends to start production in 2025. It did not mention who would be its clients but it is being expected that Huawei will buy most of the output.&nbsp;

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

Huawei, one of the major names in global tech companies may be evading US sanctions through a little-known start-up in China. USA blacklisted Huawei, a Chinese company, in 2019 viewing it as a military and economic threat.

Huawei, one of the major names in global tech companies may be evading US sanctions through a little-known start-up in China. USA blacklisted Huawei, a Chinese company, in 2019 viewing it as a military and economic threat. The blacklisting meant that Huawei's ability to acquire Americam semicondutors and using American technology to make chips was severely restricted. But now, the Chinese company may be trying to circumvent the sanctions and acquiring components required to make microschips, said a report in Bloomberg. As per the report, a startup named Pengxinwei IC Manufacturing Co (PXW) has placed orders for such components. The startup is based in Huawei's hometown of Shenzhen. Huawei is reportedly providing support to PXW to set up a semiconductor manufacturing unit. What's more, a former Huawei executive is running the startup. USA blacklisted Huawei in 2019 and even pressed allies like UK and Japan to take steps to eliminate Huawei's presence from their tech sphere. Because of this, there are obstacles for Huawei to import components from these countries. PXW however, may not face such hurdles. Bloomberg said that the company may be able to acquire components from Japan with lesser hassles that what Huawei would have to go through. In a statement mentioned in the report, PXW said that it had inked deals with suppliers and intends to start production in 2025. It did not mention who would be its clients but it is being expected that Huawei will buy most of the output. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Huawei may be evading US sanctions through a small start-up: Report

To keep China at bay in the semiconductor competition, the Joe Biden administration is mulling another round of restrictions on the export of US semiconductor technology.

To keep China at bay in the semiconductor competition, the Joe Biden administration is mulling another round of restrictions on the export of US semiconductor technology. According to sources, the Commerce Department is expected to bring forth a package of rules to categorise which semiconductor technologies can be exported to China. Washington is expected to bring the sledgehammer on the export of advanced semiconductors and tools for logic and memory chip production that can be used for supercomputing and artificial intelligence. Additionally, the department will look to codify the previous guidance issued to specific companies. This is not the first time the US has moved to choke off Chinese firms' supply of chips. In 2020, former president Donald Trump's administration banned suppliers from selling chips made using US technology to tech giant Huawei without a special license. Lately, the Joe Biden government has also given signs regarding such restrictions. As reported by WION, the US officials in early September told NVIDIA to stop exporting two top computing chips for artificial intelligence work to China The move was aimed at crippling Chinese firms' ability to carry out advanced work like image recognition and advanced computing. Read more: US officials order Nvidia to halt sales of top AI chips to China Why the restrictions? For years, the US led the technology battle with China. However, the tips have recently scaled in Beijing's favour. As reported by WION, according to a study presented by Special Competitive Studies Project (SCSP), US could lose the tech competition to China if it does not take action on the 5G, AI, and microchip core fronts. The report added that the tech race would be going through its critical phase in the 2025-2030 period. During this window, Beijing might be able to edge out the USA if the current trend continues. Read more: China could pip USA in the tech war by the end of the decade: Report The “Mid-Decade Challenges to National Competitiveness” report further shed light on the fact that China has been making rapid advancements in the aforementioned core areas. It added that the USA has been playing catch-up on 5G and microelectronics supply chains. (With inputs from agencies) WATCH WION LIVE HERE:

The semiconductor wars: US to announce fresh chip export restrictions to China

The US government and technology giant Apple are currently sparring with each other over the latter's potential deal with Chinese chipmaker&nbsp;Yangtze Memory Technologies Co.

Reportedly, the US senators fear that the deal poses threat to the country's national security.&nbsp;

Both Democrat&nbsp;and Republican chairs of the senate intelligence committee recently wrote a letter to Avril Haines,&nbsp;director of national intelligence, requesting a review of the deal.&nbsp;

“We write to convey our extreme concern about the possibility that Apple Inc will soon procure 3D Nand memory chips from Yangtze Memory Technologies Co," wrote&nbsp;Mark Warner and&nbsp;Marco Rubio, the Democratic chair and Republican vice-chair of the committee.&nbsp; 
 
“Such a decision would introduce significant privacy and security vulnerabilities to the global digital supply chain that Apple helps shape given YMTC’s extensive, but often opaque, ties to the Chinese Communist party,” the letter read.&nbsp;

Moreover, the senators asked Haines to conduct a thorough investigation on the role YMTC plays in helping Chinese companies such as Huawei, which have been sanctioned by the White House.&nbsp;

Earlier, speaking to Financial Times, Apple remarked that&nbsp;it was “evaluating” sourcing from YMTC for some iPhones in China.

For years, US led the technology battle with China. However, the tips have recently scaled in Beijing's favour. As reported by WION, according to a&nbsp;study&nbsp;presented by Special Competitive Studies Project (SCSP), US could lose the tech competition to China if it does not take action on the 5G, AI, and microchip core fronts.&nbsp;

Read more:<a href="https://www.wionews.com/world/china-could-pip-usa-in-the-tech-war-by-the-end-of-the-decade-report-516035">&nbsp;China could pip USA in the tech war by the end of the decade: Report</a>

The report added that the tech race would be going through its critical phase in&nbsp;the 2025-2030 period. It is during this window that Beijing might be able to edge out the USA if the current trend continues.&nbsp;

The report titled “Mid-Decade Challenges to National Competitiveness” further shed light on the fact that China has been making rapid advancements in the aforementioned core areas. It added that the USA has been playing catch-up on 5G&nbsp;and microelectronics supply chains.

(With inputs from agencies) 
 
WATCH WION LIVE HERE:&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>&nbsp;

&nbsp;

The US government and technology giant Apple are currently sparring with each other over the latter's potential deal with Chinese chipmaker Yangtze Memory Technologies Co.

The US government and technology giant Apple are currently sparring with each other over the latter's potential deal with Chinese chipmaker Yangtze Memory Technologies Co. Reportedly, the US senators fear that the deal poses threat to the country's national security. Both Democrat and Republican chairs of the senate intelligence committee recently wrote a letter to Avril Haines, director of national intelligence, requesting a review of the deal. “We write to convey our extreme concern about the possibility that Apple Inc will soon procure 3D Nand memory chips from Yangtze Memory Technologies Co," wrote Mark Warner and Marco Rubio, the Democratic chair and Republican vice-chair of the committee. “Such a decision would introduce significant privacy and security vulnerabilities to the global digital supply chain that Apple helps shape given YMTC’s extensive, but often opaque, ties to the Chinese Communist party,” the letter read. Moreover, the senators asked Haines to conduct a thorough investigation on the role YMTC plays in helping Chinese companies such as Huawei, which have been sanctioned by the White House. Earlier, speaking to Financial Times, Apple remarked that it was “evaluating” sourcing from YMTC for some iPhones in China. For years, US led the technology battle with China. However, the tips have recently scaled in Beijing's favour. As reported by WION, according to a study presented by Special Competitive Studies Project (SCSP), US could lose the tech competition to China if it does not take action on the 5G, AI, and microchip core fronts. Read more: China could pip USA in the tech war by the end of the decade: Report The report added that the tech race would be going through its critical phase in the 2025-2030 period. It is during this window that Beijing might be able to edge out the USA if the current trend continues. The report titled “Mid-Decade Challenges to National Competitiveness” further shed light on the fact that China has been making rapid advancements in the aforementioned core areas. It added that the USA has been playing catch-up on 5G and microelectronics supply chains. (With inputs from agencies) WATCH WION LIVE HERE:

US senators demand scrapping of Apple’s chip deal with a Chinese company over safety concerns

Amid rising coronavirus cases, the Chinese authorities on Monday announced the closing of the world's largest electronics market of Huaqiangbei in Shenzhen. The closure follows President Xi Jinping's highly criticised 'zero-Covid tolerance' policy.

Amid rising coronavirus cases, the Chinese authorities on Monday announced the closing of the world's largest electronics market of Huaqiangbei in Shenzhen. The closure follows President Xi Jinping's highly criticised 'zero-Covid tolerance' policy. Reportedly, the market was closed after authorities observed nine symptomatic and two asymptomatic cases from testing conducted the previous day. Accordingly, the market will remain closed till Thursday and workers are expected to work from home and get routinely tested. Moreover, big tech companies such as Huawei, Semiconductor Manufacturing International Corp and Foxconn Technology Group have been advised by the authorities to restrict the movement of their employees. Read more: Chinese are selling their Rolex watches & Hermes bags to raise quick cash as economy tumbles The effect of the closure of cities The Covid cases have been spiralling out of control in China despite the majority of the populace being inoculated. Government estimates stated that the cases could touch the peak of 20,000 next month. As reported extensively by WION, China's 'zero-Covid tolerance' strategy has been one of the primary reasons why it has lagged in economic recovery. For months, the tough lockdown measures imposed by the Communist Party of China (CCP) led to a dip in manufacturing as factories and offices remain closed for prolonged periods. The direct consequence of the closure has been on the economy which only grew by a tiny 0.4 per cent in the quarter gone by. Such has been the condition that Politburo has given up on the 5.5 per cent economic growth rate forecast by the year-end. Shenzhen and its history It is pertinent to note that Shenzhen was one of the first four Special Economic Zones (SEZs) to be established in China. It is also the birthplace of global mobile giant Huawei. The Huaqiangbei district invites the attention of tourists and technology aficionados who flock to the numerous stalls in the area to procure electronic goods. Read More: China's economic growth drops to 0.4 per cent amid draconian lockdown measures and severe heatwave Historically, Shenzhen was a fishing market. However, after Chinese President Deng Xiaoping took the centre stage, the fortunes of the city changed. The establishment of Huawei in 1987 by rem Zhengfei was the turning point and since then, the city has grown immensely, referred to as the 'Shenzhen speed'. (With inputs from agencies) WATCH WION LIVE HERE:

Amid a spike in Covid cases, China closes world's largest electronic market in Shenzhen

A leaked memo from Huawei's chief hints at an economic slump in China. Huawei is planning to prioritise 'survival' amid the painful slowdown. Palki Sharma tells you why Huawei is the symptom of a larger disease plaguing the Chinese economy.

Gravitas: Huawei founder warns of economic slump in China

Huawei founder Ren Zhengfei has delivered a stark warning for the company’s future, and said that it should now focus on profit over cashflow and expansion if it is to survive the next three years, The Guardian reported. His statement signals that further job cuts and divestments are on the cards. It has also sparked alarm for smaller businesses amid China’s economic troubles and a global downturn.

“The next decade will be a very painful historical period, as the global economy continues to decline. The chill will be felt by everyone,” Ren wrote in a leaked internal memo.&nbsp;His statement referred to the havoc wreaked by the Covid pandemic, besides the impact of the Ukraine war and the “continued blockade” by the US on some Chinese business.

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/huawei-transferred-huge-amount-of-money-abroad-claim-income-tax-department-sources-495680">Huawei transferred huge amount of money abroad, claim income tax department sources</a>

“Huawei must reduce any overly optimistic expectations for the future and until 2023 or even 2025, we must make survival the most important guideline, and not only survive but survive with quality," he said.

Huawei is considered China's largest firm, but has posted huge fall in revenue, which has declined 14% in the first three months of 2022. Its net profit margin has also narrowed to 4.3% from 11.1% a year earlier in the same time period.

The company has faced restrictions from US and other western countries over security concerns. It was also banned from buying some foreign technology.

“In the past, we embraced the ideal of globalisation and aspired to serve all mankind, so what is our ideal now?” Ren wrote in the&nbsp;memo. “Survive and earn a little money where we can. From this point of view, we need to adjust the market structure and study what can be done and what should be abandoned," he added.

His memo went viral on Chinese social media and was shared and discussed by more than 100 million users. People are concerned that if a company as big as Huawei is expressing fear, what it might mean for regular people and small businesses. A lot of them also blamed US for an abrupt halt to Huawei's expansion.

(With inputs from agencies)

&nbsp;

&nbsp;

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

Huawei founder Ren Zhengfei has delivered a stark warning for the company’s future, and said that it should now focus on profit over cashflow and expansion if it is to survive the next three years, The Guardian reported.

Huawei founder Ren Zhengfei has delivered a stark warning for the company’s future, and said that it should now focus on profit over cashflow and expansion if it is to survive the next three years, The Guardian reported. His statement signals that further job cuts and divestments are on the cards. It has also sparked alarm for smaller businesses amid China’s economic troubles and a global downturn. “The next decade will be a very painful historical period, as the global economy continues to decline. The chill will be felt by everyone,” Ren wrote in a leaked internal memo. His statement referred to the havoc wreaked by the Covid pandemic, besides the impact of the Ukraine war and the “continued blockade” by the US on some Chinese business. Also Read | Huawei transferred huge amount of money abroad, claim income tax department sources “Huawei must reduce any overly optimistic expectations for the future and until 2023 or even 2025, we must make survival the most important guideline, and not only survive but survive with quality," he said. Huawei is considered China's largest firm, but has posted huge fall in revenue, which has declined 14% in the first three months of 2022. Its net profit margin has also narrowed to 4.3% from 11.1% a year earlier in the same time period. The company has faced restrictions from US and other western countries over security concerns. It was also banned from buying some foreign technology. “In the past, we embraced the ideal of globalisation and aspired to serve all mankind, so what is our ideal now?” Ren wrote in the memo. “Survive and earn a little money where we can. From this point of view, we need to adjust the market structure and study what can be done and what should be abandoned," he added. His memo went viral on Chinese social media and was shared and discussed by more than 100 million users. People are concerned that if a company as big as Huawei is expressing fear, what it might mean for regular people and small businesses. A lot of them also blamed US for an abrupt halt to Huawei's expansion. (With inputs from agencies)

Huawei founder's 'painful historical period' statement sparks concerns in China

A slowing economy at home, Covid-19 challenges, supply chain restrictions and Trump-era trade war sanctions have hit Chinese technology giant Huawei hard. Reportedly, for the first time since 2008, the telecom equipment company has seen a drop in the number of employees as the headcount dropped by 2,000.

A slowing economy at home, Covid-19 challenges, supply chain restrictions and Trump-era trade war sanctions have hit Chinese technology giant Huawei hard. Reportedly, for the first time since 2008, the telecom equipment company has seen a drop in the number of employees as the headcount dropped by 2,000. According to a sustainability report published by the Shenzhen-based company on its website, Huawei's headcount went down from the high of 197,000 in 2020 to 195,000 at the end of 2021. The drop in the number of employees comes in the backdrop of the earning reports published last week which painted a not-so-happy picture. According to Huawei, the company's net profit almost halved on a year-on-year basis, dropping by 5.9 per cent. What did Trump do? It is pertinent to note that it was former US President Donald Trump that started the crusade to eject Huawei off the American market. Trump was of the view that Huawei had deep ties with China's state surveillance and that the company was rigging its 5G equipment to act as spy tools for the Politburo. The biggest jolt came when the Trump administration banned Taiwanese chip giant, the Taiwan Semiconductor Manufacturing Corporation, from supplying Huawei with semiconductor chips. Since then, the company's telecom business has never really managed to get back on its pre-sanctions trajectory. Read more: This is how Huawei is associated with China’s state surveillance Fate of other Chinese tech giants It hasn't helped Huawei's cause that Xi Jinping has started a purge process where Chinese tech companies are being muscled to remain under the President's thumb. It appears that the Chinese technology giants and their glory days, especially in mainland China are behind. As reported by WION, for the first time since its listing, Tencent, China's largest video gaming company reported a revenue decline. Read More: Chinese tech giant Tencent's revenue falls for the first time since going public Moreover, akin to Huawei, Tencent has laid off more than 5,500 employees from its payrolls as its earnings took a hit in Q2. Similarly, Alibaba laid off almost 10,000 employees in the quarter that ended in June. (With inputs from agencies) WATCH WION LIVE HERE:

Trump-era sanctions, slowdown mean Huawei loses its employees for the first time since 2008

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that US&nbsp;cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

Authorities are concerned Huawei could obtain sensitive data on military drills and the readiness status of bases and personnel via the equipment, one of the people said, requesting anonymity because the investigation is confidential and involves national security.

The previously unreported probe was opened by the Commerce Department shortly after Joe Biden took office early last year, the sources said, following the implementation of rules to flesh out a May 2019 executive order that gave the agency the investigative authority.

The agency subpoenaed Huawei in April 2021 to learn the company's policy on sharing data with foreign parties that its equipment could capture from cell phones, including messages and geolocational data, according to the 10-page document seen by Reuters.

The Commerce Department said it could not "confirm or deny ongoing investigations." It added that: "protecting US&nbsp;persons' safety and security against malign information collection is vital to protecting our economy and national security."

Huawei did not respond to a request for comment. The company has strongly denied US&nbsp;government allegations that it could spy on US&nbsp;customers and poses a national security threat.

The Chinese embassy in Washington did not respond to the specific allegations. In an emailed statement, it said: "The US&nbsp;government abuses the concept of national security and state power to go all out to suppress Huawei and other Chinese telecommunications companies without providing any solid proof that they constitute a security threat to the US&nbsp;and other countries."

Reuters could not determine what actions the agency might take against Huawei.

Eight current and former US&nbsp;government officials said the probe reflects lingering national security concerns about the company, which was already hit with a slew of US&nbsp;restrictions in recent years.

For a timeline on the US&nbsp;government’s trade restrictions on Huawei please click.

If the Commerce Department determines Huawei poses a national security threat, it could go beyond existing restrictions imposed by the Federal Communications Commission (FCC), the U.S. telecoms regulator.

Using broad new powers created by the Trump administration, the agency could ban all US&nbsp;transactions with Huawei, demanding U.S. telecoms carriers that still rely on its gear quickly remove it, or face fines or other penalties, a number of lawyers, academics and former officials interviewed by Reuters said.

The FCC declined to comment.

US-CHINA TECH WAR

Huawei has long been dogged by US&nbsp;government allegations it could spy on US&nbsp;customers, though authorities in Washington have made little evidence public. The company denies the allegations.

"If Chinese companies like Huawei are given unfettered access to our telecommunications infrastructure, they could collect any of your information that traverses their devices or networks," FBI Director Christopher Wray warned in a speech in 2020. "Worse still: They'd have no choice but to hand it over to the Chinese government, if asked."

Reuters could not determine if Huawei's equipment is capable of collecting that sort of sensitive information and providing it to China.

"If you can stick a receiver on a (cellphone) tower, you can collect signals and that means you can get intelligence. No intelligence agency would pass an opportunity like that," said Jim Lewis, a technology and cybersecurity expert at the Center for Strategic and International Studies (CSIS), a Washington DC-based think tank.

One move to address the perceived threat was a 2019 law and related rules forbidding US&nbsp;companies from using federal subsidies to buy telecoms equipment from Huawei. It also tasked the FCC with compelling US&nbsp;carriers that receive federal subsidies to purge their networks of Huawei equipment, in return for reimbursement.

But the so-called "rip and replace" deadline to remove and destroy Huawei equipment completely will not kick in until mid-2023 at the earliest, with additional opportunities for companies to seek extensions. And reimbursements will only reach 40% of the total requested for now.

TOWERS NEAR MISSILE SILOS

Cell towers equipped with Huawei gear that are close to sensitive military and intelligence sites have become a particular concern for US&nbsp;authorities, according to the two sources and an FCC commissioner.

Brendan Carr, one of the FCC's five commissioners, said that cellphone towers around Montana's Malmstrom Air Force Base - one of three that oversee missile fields in the United States - ran on Huawei technology.

In an interview this week, he told Reuters there was a risk that data from smartphones obtained by Huawei could reveal troop movements near the sites: "There’s a very real concern that some of that technology could be used as an early warning system if there happened to be, God forbid, an ICBM missile strike."

Reuters was unable to determine the exact location or scope of Huawei equipment operating near military facilities. Individuals interviewed by Reuters pointed to at least two other likely cases in Nebraska and Wyoming.

Crystal Rhoades, a commissioner at Nebraska's telecoms regulator, has flagged to media the risk posed by the proximity of cell towers owned by Viaero to intercontinental ballistic missile (ICBM) silos in the western part of the state.

ICBMs carry nuclear warheads to targets thousands of miles away and are stored in underground silos near military bases. The Nebraska cell towers are near a missile field overseen by FE&nbsp;Warren Air Force Base in neighboring Wyoming.

Viaero provides mobile telephone and wireless broadband services to about 110,000 customers in the region. It said in a 2018 filing to the FCC opposing the commission's efforts at curbing Huawei's expansion that approximately 80% of its equipment was manufactured by the Chinese firm.

That gear could potentially enable Huawei to glean sensitive information about the sites, Rhoades told Reuters in June.

"An enemy state could potentially see when things are online, when things are offline, the level of security, how many people are on duty in any given building where there are really dangerous and sophisticated weapons," Rhoades said.

Rhoades said in July that she had not been updated on rip and replace efforts by Viaero in more than two years, despite requesting updated information from the company in recent weeks.

At the time of last contact, the company said it would not begin removal efforts until the FCC money became available.

The FCC advised companies on Monday how much of their funding requests it can reimburse. &nbsp;&nbsp;

Viaero did not respond to multiple requests for comment. Huawei also declined to comment.

In Wyoming, then CEO of rural carrier Union Wireless, John Woody, said in a 2018 interview with Reuters that the company's coverage area included ICBM silos near the F.E. Warren Air Force Base and that its equipment included Huawei switches, routers and cell sites.

Last month, Eric Woody, John's son and acting CEO, said "virtually all the Huawei gear Union purchased remains in our network." He declined to say whether the towers close to the sensitive military sites contain Huawei equipment.

F.E. Warren Air Force Base referred comment on the Huawei equipment to the Pentagon. The United States Strategic Command, which is responsible for nuclear operations, said in a statement to Reuters: "We maintain constant awareness of activities near our installations and sites." It noted that "any concerns are on a whole of government level" but declined to provide further details on what those concerns are.

NEW POWERS AGAINST FOREIGN ADVERSARIES

Rick Sofield, a former DOJ official in the national security division who reviewed telecoms transactions, said the Commerce Department probe could give additional bite to the FCC’s crackdown but there was nothing new in targeting Huawei.

"The US&nbsp;government’s concerns regarding Huawei are widely known so any information or communications technology company that continues to use Huawei products is assuming the risk that the U.S. government will come knocking," said Sofield, who represents US&nbsp;and foreign companies facing US&nbsp;national security reviews. He said he has not worked for Huawei.

The Commerce Department is using authority granted in 2019 that allows it to ban or restrict transactions between US&nbsp;firms and internet, telecom and tech companies from "foreign adversary" nations including Russia and China, according to the executive order and related rules.

The two sources familiar with the Huawei investigation and a former government official said Huawei was one of the Biden administration's first cases using the new powers, referred to Commerce in early 2021 by the Justice Department.

The Justice Department referred requests for comment by Reuters to Commerce.

The subpoena is dated April 13, 2021, the same day that Commerce announced a document request was sent to an unnamed Chinese company under the new powers.

It gives Huawei 30 days to provide seven years' worth of "records identifying Huawei's business transactions and relationships with foreign entities located outside of the United States, including foreign government agencies or parties, that have access to, or that share in any capacity, U.S. user data collected by Huawei."

Noting that the "focus of this investigation is the provisioning of mobile network and telecommunications equipment...by Huawei in the United States," it also asks Huawei for a complete catalog of "all types of equipment sold" to "any communications provider in the United States," including names and locations of the parties to the sale.

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that US cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said.

The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that US cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei could obtain sensitive data on military drills and the readiness status of bases and personnel via the equipment, one of the people said, requesting anonymity because the investigation is confidential and involves national security. The previously unreported probe was opened by the Commerce Department shortly after Joe Biden took office early last year, the sources said, following the implementation of rules to flesh out a May 2019 executive order that gave the agency the investigative authority. The agency subpoenaed Huawei in April 2021 to learn the company's policy on sharing data with foreign parties that its equipment could capture from cell phones, including messages and geolocational data, according to the 10-page document seen by Reuters. The Commerce Department said it could not "confirm or deny ongoing investigations." It added that: "protecting US persons' safety and security against malign information collection is vital to protecting our economy and national security." Huawei did not respond to a request for comment. The company has strongly denied US government allegations that it could spy on US customers and poses a national security threat. The Chinese embassy in Washington did not respond to the specific allegations. In an emailed statement, it said: "The US government abuses the concept of national security and state power to go all out to suppress Huawei and other Chinese telecommunications companies without providing any solid proof that they constitute a security threat to the US and other countries." Reuters could not determine what actions the agency might take against Huawei. Eight current and former US government officials said the probe reflects lingering national security concerns about the company, which was already hit with a slew of US restrictions in recent years. For a timeline on the US government’s trade restrictions on Huawei please click. If the Commerce Department determines Huawei poses a national security threat, it could go beyond existing restrictions imposed by the Federal Communications Commission (FCC), the U.S. telecoms regulator. Using broad new powers created by the Trump administration, the agency could ban all US transactions with Huawei, demanding U.S. telecoms carriers that still rely on its gear quickly remove it, or face fines or other penalties, a number of lawyers, academics and former officials interviewed by Reuters said. The FCC declined to comment. US-CHINA TECH WAR Huawei has long been dogged by US government allegations it could spy on US customers, though authorities in Washington have made little evidence public. The company denies the allegations. "If Chinese companies like Huawei are given unfettered access to our telecommunications infrastructure, they could collect any of your information that traverses their devices or networks," FBI Director Christopher Wray warned in a speech in 2020. "Worse still: They'd have no choice but to hand it over to the Chinese government, if asked." Reuters could not determine if Huawei's equipment is capable of collecting that sort of sensitive information and providing it to China. "If you can stick a receiver on a (cellphone) tower, you can collect signals and that means you can get intelligence. No intelligence agency would pass an opportunity like that," said Jim Lewis, a technology and cybersecurity expert at the Center for Strategic and International Studies (CSIS), a Washington DC-based think tank. One move to address the perceived threat was a 2019 law and related rules forbidding US companies from using federal subsidies to buy telecoms equipment from Huawei. It also tasked the FCC with compelling US carriers that receive federal subsidies to purge their networks of Huawei equipment, in return for reimbursement. But the so-called "rip and replace" deadline to remove and destroy Huawei equipment completely will not kick in until mid-2023 at the earliest, with additional opportunities for companies to seek extensions. And reimbursements will only reach 40% of the total requested for now. TOWERS NEAR MISSILE SILOS Cell towers equipped with Huawei gear that are close to sensitive military and intelligence sites have become a particular concern for US authorities, according to the two sources and an FCC commissioner. Brendan Carr, one of the FCC's five commissioners, said that cellphone towers around Montana's Malmstrom Air Force Base - one of three that oversee missile fields in the United States - ran on Huawei technology. In an interview this week, he told Reuters there was a risk that data from smartphones obtained by Huawei could reveal troop movements near the sites: "There’s a very real concern that some of that technology could be used as an early warning system if there happened to be, God forbid, an ICBM missile strike." Reuters was unable to determine the exact location or scope of Huawei equipment operating near military facilities. Individuals interviewed by Reuters pointed to at least two other likely cases in Nebraska and Wyoming. Crystal Rhoades, a commissioner at Nebraska's telecoms regulator, has flagged to media the risk posed by the proximity of cell towers owned by Viaero to intercontinental ballistic missile (ICBM) silos in the western part of the state. ICBMs carry nuclear warheads to targets thousands of miles away and are stored in underground silos near military bases. The Nebraska cell towers are near a missile field overseen by FE Warren Air Force Base in neighboring Wyoming. Viaero provides mobile telephone and wireless broadband services to about 110,000 customers in the region. It said in a 2018 filing to the FCC opposing the commission's efforts at curbing Huawei's expansion that approximately 80% of its equipment was manufactured by the Chinese firm. That gear could potentially enable Huawei to glean sensitive information about the sites, Rhoades told Reuters in June. "An enemy state could potentially see when things are online, when things are offline, the level of security, how many people are on duty in any given building where there are really dangerous and sophisticated weapons," Rhoades said. Rhoades said in July that she had not been updated on rip and replace efforts by Viaero in more than two years, despite requesting updated information from the company in recent weeks. At the time of last contact, the company said it would not begin removal efforts until the FCC money became available. The FCC advised companies on Monday how much of their funding requests it can reimburse. Viaero did not respond to multiple requests for comment. Huawei also declined to comment. In Wyoming, then CEO of rural carrier Union Wireless, John Woody, said in a 2018 interview with Reuters that the company's coverage area included ICBM silos near the F.E. Warren Air Force Base and that its equipment included Huawei switches, routers and cell sites. Last month, Eric Woody, John's son and acting CEO, said "virtually all the Huawei gear Union purchased remains in our network." He declined to say whether the towers close to the sensitive military sites contain Huawei equipment. F.E. Warren Air Force Base referred comment on the Huawei equipment to the Pentagon. The United States Strategic Command, which is responsible for nuclear operations, said in a statement to Reuters: "We maintain constant awareness of activities near our installations and sites." It noted that "any concerns are on a whole of government level" but declined to provide further details on what those concerns are. NEW POWERS AGAINST FOREIGN ADVERSARIES Rick Sofield, a former DOJ official in the national security division who reviewed telecoms transactions, said the Commerce Department probe could give additional bite to the FCC’s crackdown but there was nothing new in targeting Huawei. "The US government’s concerns regarding Huawei are widely known so any information or communications technology company that continues to use Huawei products is assuming the risk that the U.S. government will come knocking," said Sofield, who represents US and foreign companies facing US national security reviews. He said he has not worked for Huawei. The Commerce Department is using authority granted in 2019 that allows it to ban or restrict transactions between US firms and internet, telecom and tech companies from "foreign adversary" nations including Russia and China, according to the executive order and related rules. The two sources familiar with the Huawei investigation and a former government official said Huawei was one of the Biden administration's first cases using the new powers, referred to Commerce in early 2021 by the Justice Department. The Justice Department referred requests for comment by Reuters to Commerce. The subpoena is dated April 13, 2021, the same day that Commerce announced a document request was sent to an unnamed Chinese company under the new powers. It gives Huawei 30 days to provide seven years' worth of "records identifying Huawei's business transactions and relationships with foreign entities located outside of the United States, including foreign government agencies or parties, that have access to, or that share in any capacity, U.S. user data collected by Huawei." Noting that the "focus of this investigation is the provisioning of mobile network and telecommunications equipment...by Huawei in the United States," it also asks Huawei for a complete catalog of "all types of equipment sold" to "any communications provider in the United States," including names and locations of the parties to the sale. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

US probes China's Huawei over equipment near missile silos

According to reports, China proposed to build a 70 feet high white pagoda in Washington but US counterintelligence officials stopped the project over espionage fears.

The pagoda was reportedly set to be built on a hill near the Capitol in 2017 which included a Chinese garden with temples and pavilions in the heart of the US capital. The report said the FBI had warned that China’s Huawei equipment atop cell towers in US military bases could pose a national security threat.

<a href="https://www.wionews.com/world/china-condemns-canadas-huawei-5g-ban-over-groundless-security-risks-480714">Also Read:&nbsp;</a><a href="http://13.235.153.162/world/china-condemns-canadas-huawei-5g-ban-over-groundless-security-risks-480714" hreflang="en">China condemns Canada's Huawei 5G ban over 'groundless' security risks</a>

US officials raised doubts over the pagoda project since it could catch signal intelligence as it was set to be near the US Capitol. There was increased scrutiny after Chinese officials wanted to build it with material shipped in diplomatic pouches which could not be checked by US customs, reports said sourcing FBI documents.

The former Trump administration had put Huawei on US Commerce Department’s “entity list” in 2019 as it restricted suppliers selling technology to it over national security concerns. The Trump government had also prevented the Chinese telecom giant from obtaining semiconductors without a special licence as it moved to blacklist the company.

Watch:&nbsp;China uses tech giant Huawei for surveillance?

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/china-uses-tech-giant-huawei-for-surveillance-437289/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

In a related development, reports claimed the Biden administration is investigating Huawei over concerns the cell towers could transmit information from military bases with Huawei likely to gain access to military drills and acquire readiness status of US military bases. Huawei has consistently denied it conducted spying operations for the Chinese government

FBI Director Christopher Wray had earlier alleged that if Chinese companies like Huawei are given “unfettered access” they could collect information that traverses their devices or networks. US companies are forbidden from using federal subsidies to buy telecom equipment from Huawei. &nbsp;

(With inputs from Agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

According to reports, China proposed to build a 70 feet high white pagoda in Washington but US counterintelligence officials stopped the project over espionage fears.

According to reports, China proposed to build a 70 feet high white pagoda in Washington but US counterintelligence officials stopped the project over espionage fears. The pagoda was reportedly set to be built on a hill near the Capitol in 2017 which included a Chinese garden with temples and pavilions in the heart of the US capital. The report said the FBI had warned that China’s Huawei equipment atop cell towers in US military bases could pose a national security threat. Also Read: China condemns Canada's Huawei 5G ban over 'groundless' security risks US officials raised doubts over the pagoda project since it could catch signal intelligence as it was set to be near the US Capitol. There was increased scrutiny after Chinese officials wanted to build it with material shipped in diplomatic pouches which could not be checked by US customs, reports said sourcing FBI documents. The former Trump administration had put Huawei on US Commerce Department’s “entity list” in 2019 as it restricted suppliers selling technology to it over national security concerns. The Trump government had also prevented the Chinese telecom giant from obtaining semiconductors without a special licence as it moved to blacklist the company. Watch: China uses tech giant Huawei for surveillance? In a related development, reports claimed the Biden administration is investigating Huawei over concerns the cell towers could transmit information from military bases with Huawei likely to gain access to military drills and acquire readiness status of US military bases. Huawei has consistently denied it conducted spying operations for the Chinese government FBI Director Christopher Wray had earlier alleged that if Chinese companies like Huawei are given “unfettered access” they could collect information that traverses their devices or networks. US companies are forbidden from using federal subsidies to buy telecom equipment from Huawei. (With inputs from Agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

China’s proposal to build 70 feet pagoda near US Capitol shelved due to espionage fears: Report

In India, Chinese technology company Huawei has been accused by the Income Tax Department of transferring Rs 750 crore to its foreign-based parent firms sources in the department have said. 
 
The I-T had in February accused the firm of huge tax evasion and frozen its bank accounts. 
 
The I-T department has reportedly found discrepancies in its income tax declaration. 
 
"The I-T declaration of the last two years has discrepancies. The revenue of the company was decreasing, but we have found that even in this crisis they repatriated Rs 750 crore abroad," the I-T sources claimed. 
 
Huawei had said that they were following all the norms and laws of the land. 
 
The company had also said that due to the action of I-T department they suffered huge losses and it badly affected their business. 
 
Huawei had moved to the Delhi High Court seeking relief. The court in April stayed the attachment of the accounts of the firm. Huawei had also mentioned in its petition that the I-T department didn't give them any notice and took action which affected their business. 
 
The I-T department has said that they have recovered incriminating evidence against the firm and on the basis of these documents they took the action. 
 
The department had also alleged that the firm was hiding its account books. It said that the firm had given them dump transactions which did not account books and they were unable to identify the veracity of their income. 
 
The I-T officials also wanted to access the email of Yang Yi, the Chief Financial Official of the firm, but the request was denied by the company.

In India, Chinese technology company Huawei has been accused by the Income Tax Department of transferring Rs 750 crore to its foreign-based parent firms sources in the department have said.

In India, Chinese technology company Huawei has been accused by the Income Tax Department of transferring Rs 750 crore to its foreign-based parent firms sources in the department have said. The I-T had in February accused the firm of huge tax evasion and frozen its bank accounts. The I-T department has reportedly found discrepancies in its income tax declaration. "The I-T declaration of the last two years has discrepancies. The revenue of the company was decreasing, but we have found that even in this crisis they repatriated Rs 750 crore abroad," the I-T sources claimed. Huawei had said that they were following all the norms and laws of the land. The company had also said that due to the action of I-T department they suffered huge losses and it badly affected their business. Huawei had moved to the Delhi High Court seeking relief. The court in April stayed the attachment of the accounts of the firm. Huawei had also mentioned in its petition that the I-T department didn't give them any notice and took action which affected their business. The I-T department has said that they have recovered incriminating evidence against the firm and on the basis of these documents they took the action. The department had also alleged that the firm was hiding its account books. It said that the firm had given them dump transactions which did not account books and they were unable to identify the veracity of their income. The I-T officials also wanted to access the email of Yang Yi, the Chief Financial Official of the firm, but the request was denied by the company.

Huawei transferred huge amount of money abroad, claim income tax department sources

Canada has decided to ban Huawei, and ZTE 5G equipment as it joins the five eyes intelligence-sharing network. Canada says the gear ban is to protect national security.

Canada to ban Huawei, ZTE 5G equipment as it joins five eyes intelligence-sharing network

Simon Lacey, former vice-president of Huawei, said on Monday that Globlisation was not over because economic rationale for it was very much there. He was speaking at WION Global Summit 2022: Mission Peace. The summit took place in Dubai.&nbsp;

While talking during the third session of the summit, Lacey opined that there was a realignment going on when it comes to Globalisation. The third session of the summit was titled 'Trade wars: No long-term winners'.

"There is just too much money to be made by intergrating markets," he opined.

But he noted challenges in the way of Globalisation.

Watch | WION Global Summit 2022: Experts emphasise on need for globalisation and an end to trade wars

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/world/wion-global-summit-2022-experts-emphasise-on-need-for-globalisation-and-an-end-to-trade-wars-479510/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

When it comes to discussion on trade war, two countries are often mentioned: US and China. These two mega-economies often find themselves at odds with each other mainly due to political reasons.

Simon Lacey said that these two markets have common interests and they share a lot of points and objectives.

US and China may have broadly common economic objectives, the two countries have often engaged in trade wars with each other.

On Globalisation, Lacey conceded that deep integration between two countries is possible and easier when they share values that are common to each other.

WATCH WION LIVE HERE

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

&nbsp;

&nbsp;

Simon Lacey, former vice-president of Huawei, said on Monday that Globlisation was not over because economic rationale for it was very much there. He was speaking at WION Global Summit 2022: Mission Peace.

Simon Lacey, former vice-president of Huawei, said on Monday that Globlisation was not over because economic rationale for it was very much there. He was speaking at WION Global Summit 2022: Mission Peace. The summit took place in Dubai. While talking during the third session of the summit, Lacey opined that there was a realignment going on when it comes to Globalisation. The third session of the summit was titled 'Trade wars: No long-term winners'. "There is just too much money to be made by intergrating markets," he opined. But he noted challenges in the way of Globalisation. Watch | WION Global Summit 2022: Experts emphasise on need for globalisation and an end to trade wars × When it comes to discussion on trade war, two countries are often mentioned: US and China. These two mega-economies often find themselves at odds with each other mainly due to political reasons. Simon Lacey said that these two markets have common interests and they share a lot of points and objectives. US and China may have broadly common economic objectives, the two countries have often engaged in trade wars with each other. On Globalisation, Lacey conceded that deep integration between two countries is possible and easier when they share values that are common to each other. WATCH WION LIVE HERE ×

WION Global Summit 2022: Globalisation isn't over, it's only realigning, says former Huawei vice-president

Huawei's Meng Wanzhou has resurfaced in Shenzhen. She delivered the company's annual results. It is her first appearance since her high-profile return to China.

Huawei's Meng Wanzhou resurfaces in Shenzhen & delivered the company's annual results

Chinese telecoms giant&nbsp;Huawei&nbsp;on Monday reported&nbsp;record&nbsp;profit&nbsp;for&nbsp;2021&nbsp;despite&nbsp;being heavily hit by US&nbsp;sanctions.

The Chinese telecom company has been caught in the crosshairs of the US-China trade and technology standoff, with the administration of former President Donald Trump moving to cripple it over cybersecurity and espionage concerns.

Chief financial officer Meng Wanzhou, also the daughter of CEO and founder Ren Zhengfei, appeared at a news conference in Shenzhen to publish the company's annual results for the first time since being held in Canada in 2018 on a US warrant.

Also read |&nbsp;<a href="https://www.wionews.com/world/anything-possible-security-guards-turn-art-museum-curators-in-us-466239">Anything possible? Security guards turn art museum curators in US&nbsp;</a>

Huawei&nbsp;posted a&nbsp;net&nbsp;profit&nbsp;of 113.7 billion yuan ($17.8 billion) last year, a rise of 76 percent on-year, but revenue slumped by around 29 percent as it grappled with US&nbsp;sanctions&nbsp;aimed at blocking access to key technology and supplies.

"Despite&nbsp;a revenue decline in&nbsp;2021, our ability to make a&nbsp;profit&nbsp;and generate cash flows is increasing, and we are more capable of dealing with uncertainty," Meng said in a statement Monday.

The company attributes its profitability to "improved product portfolios and more efficient internal operations", with a rise in&nbsp;net&nbsp;profit&nbsp;margin even with gains from the sale of its budget phone brand Honor excluded.

Huawei, a supplier of telecom&nbsp;networking&nbsp;gear and smartphone brand, has been struggling since Trump in 2018 launched a campaign to contain the company.

Also read |&nbsp;<a href="https://www.wionews.com/world/chinese-telecom-giant-huawei-reportedly-helping-russia-to-stabilise-internet-network-459936">Chinese telecom giant Huawei reportedly helping Russia to stabilise internet network</a>

Smartphone sales stalled after the US cut&nbsp;Huawei&nbsp;off from key parts and barred it from using Google's Android services.

Last year&nbsp;Huawei&nbsp;logged 243 billion yuan in consumer business sales -- almost 50 percent down from 2020.

Huawei&nbsp;has instead tried to shore up other parts of its business, refocusing on the Chinese market and diversifying to encompass enterprise and cloud computing, along with other business segments related to 5G networks.

Watch |&nbsp;High fuel fines for US automakers not meeting fuel economy rules

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/high-fuel-fines-for-us-automakers-not-meeting-fuel-economy-rules-466236/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Chinese telecoms giant Huawei on Monday reported record profit for 2021 despite being heavily hit by US sanctions. The Chinese telecom company has been caught in the crosshairs of the US-China trade and technology standoff, with the administration of former President Donald Trump moving to cripple it over cybersecurity and espionage concerns.

Chinese telecoms giant Huawei on Monday reported record profit for 2021 despite being heavily hit by US sanctions. The Chinese telecom company has been caught in the crosshairs of the US-China trade and technology standoff, with the administration of former President Donald Trump moving to cripple it over cybersecurity and espionage concerns. Chief financial officer Meng Wanzhou, also the daughter of CEO and founder Ren Zhengfei, appeared at a news conference in Shenzhen to publish the company's annual results for the first time since being held in Canada in 2018 on a US warrant. Also read | Anything possible? Security guards turn art museum curators in US Huawei posted a net profit of 113.7 billion yuan ($17.8 billion) last year, a rise of 76 percent on-year, but revenue slumped by around 29 percent as it grappled with US sanctions aimed at blocking access to key technology and supplies. "Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are more capable of dealing with uncertainty," Meng said in a statement Monday. The company attributes its profitability to "improved product portfolios and more efficient internal operations", with a rise in net profit margin even with gains from the sale of its budget phone brand Honor excluded. Huawei, a supplier of telecom networking gear and smartphone brand, has been struggling since Trump in 2018 launched a campaign to contain the company. Also read | Chinese telecom giant Huawei reportedly helping Russia to stabilise internet network Smartphone sales stalled after the US cut Huawei off from key parts and barred it from using Google's Android services. Last year Huawei logged 243 billion yuan in consumer business sales -- almost 50 percent down from 2020. Huawei has instead tried to shore up other parts of its business, refocusing on the Chinese market and diversifying to encompass enterprise and cloud computing, along with other business segments related to 5G networks. Watch | High fuel fines for US automakers not meeting fuel economy rules

Huawei reports record net profit in 2021 despite US sanctions

Russia has been slapped with multiple sanctions because of its actions in Ukraine ever since Russian President Vladimir Putin ordered "military operations" in the Ukrainian cities on February 24.&nbsp;

The sanctions have left the economy crippled and reeling, however, the exodus of many top Western brands from Russia has left the market open for some of the countries, that are allies of Russia.&nbsp;

For example, as per Daily Mail, reports in China stated that tech giant Huawei has been helping Russian President Vladimir Putin in an effort to stabilise Russia's internet network, which came under attack by hacker groups.&nbsp;

IN PICS |&nbsp;<a href="https://www.wionews.com/photos/in-long-air-battle-can-ukraine-hold-out-against-russian-air-force-459873">In long air battle, can Ukraine hold out against Russian Air Force?</a>

The media outlet&nbsp;also quoted Australian minister Peter Dutton citing ABC Adelaide, who weighed in on reports that Huawei is helping Russia against Western cyberattacks. &nbsp;

Dutton on Monday (March 7) said, "In fact, we're seeing reports today that Huawei, a Chinese telecommunications company, is providing support to Russia to keep their internet up."&nbsp;

Chinese firms so far have stayed largely silent about their operations in Russia even after brands like Apple, Nike, Netflix, fashion chain H&amp;M and many other Western companies cut or paused business in Russia.&nbsp;

IN PICS |&nbsp;<a href="https://www.wionews.com/photos/what-are-czech-hedgehogs-homemade-obstacles-that-can-destroy-russian-tanks-459254#homemade-anti-tank-obstacles-459229">What are Czech hedgehogs?: Homemade obstacles that can destroy Russian tanks</a>

Dan Wang, an analyst for Gavenkal Dragonomics, wrote in a research note: "For most Chinese companies, Russia is just too small of a market for the business to be worth the risk of getting cut off from developed markets or being sanctioned itself."&nbsp;

Dutton said that when "every other responsible country in the world is looking at ways that they can sanction and stop trading with Russia", such reports are "deeply concerning".&nbsp;

WATCH |&nbsp;Russia enlists help of Syrian fighters in Ukraine

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/russia-enlists-help-of-syrian-fighters-in-ukraine-459772/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

(With inputs from agencies)

Russia has been slapped with multiple sanctions because of its actions in Ukraine ever since Russian President Vladimir Putin ordered "military operations" in the Ukrainian cities on February 24.

Russia has been slapped with multiple sanctions because of its actions in Ukraine ever since Russian President Vladimir Putin ordered "military operations" in the Ukrainian cities on February 24. The sanctions have left the economy crippled and reeling, however, the exodus of many top Western brands from Russia has left the market open for some of the countries, that are allies of Russia. For example, as per Daily Mail, reports in China stated that tech giant Huawei has been helping Russian President Vladimir Putin in an effort to stabilise Russia's internet network, which came under attack by hacker groups. IN PICS | In long air battle, can Ukraine hold out against Russian Air Force? The media outlet also quoted Australian minister Peter Dutton citing ABC Adelaide, who weighed in on reports that Huawei is helping Russia against Western cyberattacks. Dutton on Monday (March 7) said, "In fact, we're seeing reports today that Huawei, a Chinese telecommunications company, is providing support to Russia to keep their internet up." Chinese firms so far have stayed largely silent about their operations in Russia even after brands like Apple, Nike, Netflix, fashion chain H&M and many other Western companies cut or paused business in Russia. IN PICS | What are Czech hedgehogs?: Homemade obstacles that can destroy Russian tanks Dan Wang, an analyst for Gavenkal Dragonomics, wrote in a research note: "For most Chinese companies, Russia is just too small of a market for the business to be worth the risk of getting cut off from developed markets or being sanctioned itself." Dutton said that when "every other responsible country in the world is looking at ways that they can sanction and stop trading with Russia", such reports are "deeply concerning". WATCH | Russia enlists help of Syrian fighters in Ukraine × (With inputs from agencies)

Chinese telecom giant Huawei reportedly helping Russia to stabilise internet network

India's income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation.

The searches were conducted at Huawei's office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru on Tuesday.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/new-escalation-in-us-china-battle-china-responds-to-huawei-trade-ban-299686/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The officials were looking at the financial documents, account books, and Huawei's Indian businesses as well as overseas transactions.&nbsp;

"We have been informed of the visit of (the) income tax team to our office and also of their meeting with some personnel," Huawei said in a statement.

"Huawei is confident our operations in India are firmly compliant with all laws and regulations. We will approach related government departments for more information and fully cooperate as per the rules and regulations."

<a href="https://www.wionews.com/india-news/indian-government-to-ban-more-chinese-apps-453150">Also read |&nbsp;Indian government to ban more Chinese apps</a>

Earlier this week, India's home ministry banned 54 mobile applications of Chinese origin, including the popular game Garena Free Fire, several news outlets reported.

The Enforcement Directorate (ED) has also conducted searches and frozen assets of Chinese-controlled companies and non banking financial companies (NBFCs) dishing out instant loans through mobile apps in India.

Tensions between New Delhi and Beijing have been running high since a deadly 2020 clash involving their militaries near Line of Actual Control (LAC). Anti-China sentiment has grown in India since then, sparking calls for a boycott of goods from the neighbouring country.

<a href="https://www.wionews.com/photos/india-china-standoff-why-area-along-pangong-lake-became-a-flashpoint-362844">Also see |&nbsp;India-China standoff: Why area along Pangong lake became a flashpoint</a>

India is the world's second-biggest market by number of phone users, and the government has justified the bans on the apps, saying they threatened its sovereignty and integrity.

Last year India overlooked Huawei when it named foreign network equipment suppliers allowed to carry out 5G trials.

The tax department had last year conducted searches against Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their linked persons and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations.

In 2020, the government had banned TikTok and a host of other popular short video apps from China.&nbsp;

(With inputs from agencies)

India's income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation.

India's income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation. The searches were conducted at Huawei's office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru on Tuesday. The officials were looking at the financial documents, account books, and Huawei's Indian businesses as well as overseas transactions. "We have been informed of the visit of (the) income tax team to our office and also of their meeting with some personnel," Huawei said in a statement. "Huawei is confident our operations in India are firmly compliant with all laws and regulations. We will approach related government departments for more information and fully cooperate as per the rules and regulations." Also read | Indian government to ban more Chinese apps Earlier this week, India's home ministry banned 54 mobile applications of Chinese origin, including the popular game Garena Free Fire, several news outlets reported. The Enforcement Directorate (ED) has also conducted searches and frozen assets of Chinese-controlled companies and non banking financial companies (NBFCs) dishing out instant loans through mobile apps in India. Tensions between New Delhi and Beijing have been running high since a deadly 2020 clash involving their militaries near Line of Actual Control (LAC). Anti-China sentiment has grown in India since then, sparking calls for a boycott of goods from the neighbouring country. Also see | India-China standoff: Why area along Pangong lake became a flashpoint India is the world's second-biggest market by number of phone users, and the government has justified the bans on the apps, saying they threatened its sovereignty and integrity. Last year India overlooked Huawei when it named foreign network equipment suppliers allowed to carry out 5G trials. The tax department had last year conducted searches against Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their linked persons and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations. In 2020, the government had banned TikTok and a host of other popular short video apps from China. (With inputs from agencies)

Indian tax authorities search premises of Chinese telecom company Huawei

The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday.

The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday.

Sources said the officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions.Some records have been seized too, they said.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/sovereign-right-to-tax-this-is-what-nirmala-sitharaman-said-about-indias-cryptocurrency-tax-in-parliament-452425">'Sovereign right' to tax: This is what Nirmala Sitharaman said about India's cryptocurrency tax in parliament</a> 
&nbsp;&nbsp; &nbsp; 
The company said its operations in the country were "firmly compliant" with the law. "We have been informed of the visit of Income Tax team to our office and also of their meeting with some personnel.

Huawei is confident our operations in India are firmly compliant to all laws and regulations. We will approach related Government departments for more information and fully cooperate as per the rules and regulations and follow the right procedure," the company said in a statement.

The government has kept Huawei out of trials for 5G services. However, telecom operators have been allowed to source telecom gear from Huawei and ZTE under their old agreements for maintaining their networks but they will need approval of the government before getting into any new business agreement as per National Security Directive on Telecommunication Sector.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/how-will-tax-on-virtual-digital-assets-impact-crypto-investors-in-india-coinswitch-ceo-answers-451545">How will tax on virtual digital assets impact Crypto investors in India? CoinSwitch CEO answers</a>

The tax department had last year conducted searches against Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their linked persons and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations.

Earlier this week, the Information and Technology ministry blocked 54 more apps with Chinese links, including Tencent Xriver, Nice Video baidu, Viva Video Editor, and gaming app Garena Free Fire Illuminate, citing security and privacy concerns.

The Enforcement Directorate (ED) has also conducted searches and frozen assets of Chinese-controlled companies and non-banking financial companies (NBFCs) dishing out instant loans through mobile apps in India.

The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday.

The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday. The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday. Sources said the officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company, its Indian businesses and overseas transactions.Some records have been seized too, they said. Also read | 'Sovereign right' to tax: This is what Nirmala Sitharaman said about India's cryptocurrency tax in parliament The company said its operations in the country were "firmly compliant" with the law. "We have been informed of the visit of Income Tax team to our office and also of their meeting with some personnel. Huawei is confident our operations in India are firmly compliant to all laws and regulations. We will approach related Government departments for more information and fully cooperate as per the rules and regulations and follow the right procedure," the company said in a statement. The government has kept Huawei out of trials for 5G services. However, telecom operators have been allowed to source telecom gear from Huawei and ZTE under their old agreements for maintaining their networks but they will need approval of the government before getting into any new business agreement as per National Security Directive on Telecommunication Sector. Also read | How will tax on virtual digital assets impact Crypto investors in India? CoinSwitch CEO answers The tax department had last year conducted searches against Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their linked persons and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations. Earlier this week, the Information and Technology ministry blocked 54 more apps with Chinese links, including Tencent Xriver, Nice Video baidu, Viva Video Editor, and gaming app Garena Free Fire Illuminate, citing security and privacy concerns. The Enforcement Directorate (ED) has also conducted searches and frozen assets of Chinese-controlled companies and non-banking financial companies (NBFCs) dishing out instant loans through mobile apps in India.

I-T department conducts searches on China's Huawei over tax evasion investigation

In China's latest crackdown on Hong Kong's independent media, a Hong Kong Court has now denied bail to the two former senior news editors.

Hong Kong court denies bail to two former senior news editors amid crackdown on media

huawei

Huawei, News on Huawei, stories on Huawei, articles on Huawei, Huawei stories at Wion, Huawei news, Huawei latest news