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☆ China denies any iPhone ban for government staffers. Here's our take on why Apple stock isn't popping
▼ + stars: | 2023-09-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Many analysts on Wall Street echoed our sentiments, with Credit Suisse calling the recent market reaction "overblown." Jim forecasted Wednesday that Apple stock will likely go higher over the next three months, as consumers begin to trade in their older Apple devices for the company's new offerings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Customers line up to enter an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: Wednesday, Apple, Club, China's Ministry of Foreign Affairs, Street, Credit Suisse, Huawei, CNBC, Visual China, Getty Locations: China, Shanghai

☆ Huawei raises Mate 60 shipment target -Securities Times
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

People walk past a Huawei sign at a shopping mall under renovation in Beijing, China September 7, 2023. REUTERS/Florence Lo/File photo Acquire Licensing RightsBEIJING, Sept 12 (Reuters) - China's Huawei Technologies has raised the second-half shipment target for its Mate 60 series smartphone by 20%, the country's official Securities Times reported on Tuesday. The company expects new smartphone shipments for 2023 to reach at least 40 million units, the report said. Huawei did not respond immediately to a request for comment. Reporting by Beijing newsroom Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, David Goodman Organizations: Huawei, REUTERS, Rights, Huawei Technologies, Securities Times, Beijing, Thomson Locations: Beijing, China, Rights BEIJING

☆ Wall St Week Ahead: Investor hopes for US soft landing ride on inflation data
▼ + stars: | 2023-09-10 | by ( David Randall | ) www.reuters.com time to read: +4 min

Too high a number could fan fears of the Fed leaving interest rates higher for longer or hiking them more in coming months. That would give investors less reason to hold onto stocks after a tech-led drop in which the S&P 500 lost about 5% from summer highs. Reasons for optimism include the relative outperformance of the U.S. economy compared to Europe and China, and signs the so-called profit recession among S&P 500 companies may be over. The S&P 500 Information Technology sector lost more than 2% this week following news that Beijing had ordered central government employees to stop using iPhones for work. Still, much of the bull case for stocks hinges on softer inflation eventually pushing the Fed to lower interest rates.

Persons: Andrew Kelly, Michael Purves, Randy Frederick, Ed Clissold, Ned Davis, Jonathan Golub, David Lefkowitz, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Tallbacken Capital Advisors, Schwab Center, Financial Research, Technology, Apple, Huawei, Chief, Ned, Ned Davis Research, Credit Suisse Securities, UBS Global Wealth Management, Thomson Locations: Manhattan , New York City, U.S, Europe, China, Beijing

☆ Wall St Week Ahead Investor hopes for US soft landing ride on inflation data
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +4 min

The Mate 60 is priced from 5,999 yuan ($817.70), the same as Apple's iPhone 14 in China. Huawei's launch also comes days before Apple is expected to launch its new iPhone 15 on Sept. 12.WHO ARE THE MATE 60'S SUPPLIERS? The Mate 60 Pro contains more Chinese-made chip components than previous models, TechInsights also said. WHAT COULD IT MEAN FOR APPLE IN CHINA'S SMARTPHONE MARKET? And cumulative shipments of Mate 60 Pro could reach at least 12 million units 12 months after launch, according to Kuo.

Persons: TechInsights, Chi Kuo, Kuo, Yelin Mo, Brenda Goh, Emelia Sithole Organizations: China's Huawei Technologies, Apple, Huawei, Semiconductor Manufacturing International Corp, HK, WHO, South Korea's SK Hynix's, SK Hynix, Dongguan Chitwing Technology, ., Visionox Technology, Reuters, TF International Securities, Thomson Locations: BEIJING, SHANGHAI, China, Kirin, SMIC, South, United States, Dongguan, Suzhou, U.S, Washington, Beijing

☆ China's Huawei launches Mate 60 Pro+ smartphone for presale
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

People walk past a Huawei store with advertisements for the Mate 60 series smartphones, at a shopping mall in Beijing, China August 30, 2023. REUTERS/Yelin Mo/File Photo Acquire Licensing RightsBEIJING, Sept 8 (Reuters) - China's Huawei Technologies on Friday started presales for its Mate 60 Pro+ smartphone, adding a new version to a series that has captured global attention for revealing the Chinese tech firm's success in beating back against U.S. sanctions. Specifications the company provided for the phone touted its capability to link-up to two satellites concurrently and larger internal storage versus the Mate 60 Pro. Speed tests shared by buyers on Chinese social media have suggested that the Mate 60 Pro is capable of download speeds exceeding those of top-line 5G phones. The company on Friday also launched the Huawei Mate X5, a new version of its foldable phone series.

Persons: Yelin, presales, TechInsights, Edmund Klamann, Stephen Coates Organizations: Huawei, REUTERS, Rights, Huawei Technologies, U.S, Semiconductor Manufacturing International Corp, HK, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Kirin

Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. A customer talks to sales assistants in an Apple store as Apple Inc's new iPhone 14 models go on sale in Beijing, China, September 16, 2022. "This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. The drop in the technology sector weighed on the three main U.S. stock indexes, particularly the tech-heavy Nasdaq Composite, which closed down 0.9%. IPHONE SLOWDOWNChina has been a bright spot for Apple in an otherwise tough period for iPhone sales.

Persons: chipmaker SMIC, Jake Sullivan, Sullivan, Thomas Peter, Biden, Mike Gallagher, Gallagher, Mark Warner, Rick Meckler, Susannah Streeter, Hargreaves Lansdown, Streeter, Aditya Soni, Jaspreet Singh, Shristi Achar, Diane Bartz, David Gaffen, Shounak Dasgupta, Devika Organizations: Apple, Street, Washington, Huawei, HK, U.S . Commerce Department, National, Air Force, BofA Global Research, Qualcomm, REUTERS, Beijing, Communist Party, People's, Republican, Reuters, U.S, Senate Intelligence Committee, planemaker Boeing, Micron, Broadcom, Texas, Nasdaq, Cherry Lane Investments, Hargreaves, Thomson Locations: Beijing, US, China, U.S, Kirin, People's Republic of China, Bengaluru

☆ Stocks stumble as 'dollar juggernaut' on a roll
▼ + stars: | 2023-09-08 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.2% in early trade and is down 1.4% for the week. "China’s partial ban on Apple products put trade wars and U.S.-China decoupling back on the agenda," said Capital.com analyst Kyle Rodda. U.S. suppliers' shares had fallen overnight and helped drag the S&P 500 (.SPX) 0.3% lower and the Nasdaq (.IXIC) down by 0.9%. The Australian dollar is down more than 1% on the week and traded at $0.6384 on Friday.

Persons: Issei Kato, TSMC, Kyle Rodda, Masato Kanda, Hirokazy Matsuno, Brent, Heekyong Yang, Shri Navaratnam Organizations: REUTERS, Rights, Japan's Nikkei, South Korea's SK Hynix, Huawei Technologies, Tokyo, Apple, Nasdaq, ANZ Bank, European Central Bank, Treasury, Brent, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, U.S, Asia, Pacific, Hong Kong, China, South Korea's, Europe, Seoul

☆ China's Huawei launch coinciding with Apple ban was a strategic decision, says UBS's Art Cashin
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's Huawei launch coinciding with Apple ban was a strategic decision, says UBS's Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss China launching a carefully structured launch of the new Huawei phone, negative pressure on equities from bond yields, and unspent stimulus money impacting the Fed's monetary policy plan.

Persons: Cashin Organizations: Huawei, Apple, UBS Locations: China

☆ Morning Bid: Apple and dollar roil markets
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 24, 2023. The broader U.S. tech sector also took a hit, while shares of several major Apple suppliers in Asia slid on Friday. Against a basket of currencies, the dollar is set to clock an eighth straight week of gains. A Reuters poll of forex strategists suggests that the dollar's strength will be difficult to overcome for most major currencies by the end of the year. The pan-European STOXX 600 index (.STOXX) has fallen for seven straight days, its worst string of losses since February 2018.

Persons: Ankur Banerjee, presales, Kim Coghill Organizations: REUTERS, Staff, Ankur, Apple, Huawei Technologies, U.S, Casino, Reuters, Thomson Locations: Frankfurt, Germany, China, Asia, Paris

☆ China's Huawei opens cloud data centre in Saudi Arabia in regional push
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

"The implementation of Huawei cloud is not just about us, but is a bridge that will bring other Chinese companies to Saudi Arabia," said Steven Yi, the company's regional president. The step would contribute to the development of the country's digital economy, he said, adding that Huawei opened its regional headquarters in the Saudi capital this year. Saudi Arabia has previously said it would not sign contracts with foreign companies that did not have regional headquarters in the kingdom after this year. Huawei ranked fifth in the global cloud services market in the first quarter, with a market share of 2.4%, although it was the second-largest vendor in mainland China, according to research consultancy Canalys. In February Huawei said it would invest $400 million in the Saudi Arabia cloud region over the next five years.

Persons: Eric Gaillard, Steven Yi, David Kirton, Mo Yelin, Clarence Fernandez Organizations: Huawei, Artificial Intelligence Cannes, REUTERS, Rights, Huawei Technologies, Thomson Locations: Cannes, France, Rights SHENZHEN, China, Saudi, Riyadh, East, North Africa, Huawei's, Saudi Arabia, Shenzhen, Mo, Beijing

☆ Ericsson sees IPR licensing revenues of $1 bln this year
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

[1/2] A logo of Ericsson is seen outside the company's office in Kanata, Ontario, Canada April 17, 2023. REUTERS/Lars Hagberg/File Photo Acquire Licensing RightsSTOCKHOLM, Aug 25 (Reuters) - Sweden's Ericsson (ERICb.ST) predicted on Friday intellectual property rights (IPR) licensing income of 11 billion Swedish crowns ($1 billion) this year after it renewed a patent cross-licensing agreement with China's Huawei. The telecom gear maker's renewed multi-year deal with its Chinese rival grants both companies global access to each other's patented, standardized technologies, it said. "With the current portfolio of IPR licensing contracts, Ericsson estimates the full-year 2023 IPR licensing revenues to be approximately 11 billion crowns," the company said in a statement. ($1 = 11.0158 Swedish crowns)Reporting by Anna Ringstrom, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Hagberg, Sweden's, Anna Ringstrom, Terje Solsvik Organizations: Ericsson, REUTERS, Rights, Sweden's Ericsson, China's Huawei, Thomson Locations: Kanata , Ontario, Canada, Rights STOCKHOLM

☆ China's Huawei reports small revenue bump on back of core businesses
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File PhotoSHENZHEN, China, Aug 11 (Reuters) - China's Huawei Technologies (HWT.UL) saw modest revenue growth in the first half of the year, with its core information and communications technology (ICT) infrastructure and consumer businesses generating the lion's share. Revenues rose to 310.9 billion yuan ($43.01 billion), up 3.1% on the same period a year earlier, the Shenzhen-based technology giant announced on Friday. Huawei's profit margin rose to 15%, with a net profit of 46.6 billion yuan, making, according to Reuters calculations, around a threefold improvement on a year earlier. "In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth," said Meng Wanzhou, Huawei's rotating chairperson and the daughter of its founder, Ren Zhengfei.

Persons: Nicoco Chan, Meng Wanzhou, Ren Zhengfei, Richard Yu, David Kirton, Simon Cameron, Moore Organizations: Huawei, Mobile, Congress, REUTERS, Huawei Technologies, Reuters, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S

☆ China's Huawei's handset business making a comeback, executive says
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023. Huawei's share of the domestic smartphone market share grew by 76.1% in the second quarter, and took second spot in the high-end sector, Yu said. The company held 11.3% of the overall China market in the second quarter, behind five competitors led by Vivo and Apple, according to Counterpoint Research. Several rounds of U.S. restrictions on U.S.-made technology limited Huawei to producing last-generation 4G handsets, causing its once sizeable handset market share to plummet both at home and abroad. Yu said Huawei's in-house Harmony operating system has "overcome many challenges" in the last four years, noting there were now 2.2 million developers for the system.

Persons: Nicoco Chan, Richard Yu, Huawei's, Yu, David Kirton, Jason Neely Organizations: Huawei, Mobile, Congress, REUTERS, Huawei Technologies, Vivo, Apple, Research, Harmony, Reuters, Thomson Locations: Shanghai, China, SHENZHEN, Dongguan, U.S

☆ China's Huawei says it earned patent revenues of $560 million last year
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

SHENZHEN, China, July 13 (Reuters) - Chinese tech giant Huawei Technologies(HWT.UL) received $560 million in royalty revenues in 2022, Alan Fan, its head of intellectual property (IP), said on Thursday in a speech at company headquarters in the city of Shenzhen. Huawei earned more than it paid out in royalties over the last two years as the decline in handset sales meant it needed to pay less to other IP holders, Fan said. The company has entered into patent licenses with phone makers Samsung and Oppo and automakers including Audi, Mercedes Benz, BMW, Porsche, Subaru, Lamborghini and Bentley, Huawei said. Last year, Huawei spent $23 billion on research and development, with 114,000 staff, 55% of its total, working on research, the company said. From 2019, rounds of U.S restrictions after authorities there called the company a security risk reduced its access to chipmaking tools.

Persons: Alan Fan, Fan, Mercedes Benz, David Kirton Organizations: Huawei Technologies, Huawei, Samsung, Oppo, Audi, BMW, Porsche, Subaru, Lamborghini, Bentley, Thomson Locations: SHENZHEN, China, Shenzhen

☆ China's Huawei poised to overcome US ban with return of 5G phones - research firms
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

[1/2] A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: Aly, SMIC, Canalys, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Mobile World Congress, REUTERS, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Copenhagen Business School, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S, Washington

☆ China's Huawei poised to overcome US ban with return of 5G phones, research firms say
▼ + stars: | 2023-07-12 | by ( David Kirton | ) www.reuters.com time to read: +5 min

Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients. [1/2]A Huawei logo and a 5G sign are pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. The second research firm said it noticed Huawei had asked SMIC to produce chip components below 14 nm this year for 5G products. The forecast yield rate of less than 50% means that 5G chips are "going to be costly", said Doug Fuller who researches chips at the Copenhagen Business School.

Persons: SMIC, Canalys, Aly, Doug Fuller, Fuller, David Kirton, Jamie Freed Organizations: Huawei, Huawei Technologies, chipmaking, Semiconductor Manufacturing International, Reuters, Apple, Samsung, China Securities Journal, Mobile World Congress, REUTERS, Copenhagen Business School, Thomson Locations: SHENZHEN, China, Shenzhen, U.S, Shanghai, Washington

☆ US targets China over semiconductors
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

The case initially started as a dispute between Micron Technology (MU.O) and the Chinese firm. Trump's move escalated it into the realm of an international trade conflict between the United States and China. January 2020: Reuters reported that the Trump administration had since 2018 had mounted an extensive campaign to block the sale of Dutch chip manufacturing technology to China. May 2020: The Trump administration blocks shipments of semiconductors to China's Huawei Technologies from global chipmakers, crippling its HiSilicon chip and smartphone divisions. December 2022: The U.S. adds Chinese memory chip maker YMTC and dozens of other Chinese firms to its trade blacklist.

Persons: Florence Lo, Joe Biden's, Donald Trump's, Trump's, Trump, Biden, Brenda Goh, Jamie Freed Organizations: REUTERS, Trump, Washington, Reuters, Former U.S, U.S . Justice Department, Micron Technology, Huawei Technologies, HK, Nvidia, Micron Devices, Thomson Locations: China, U.S, Netherlands, Former, Fujian, United States, ASML, Shanghai

☆ Top EU official urges more countries to ban China's Huawei, ZTE from 5G networks
▼ + stars: | 2023-06-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A top European Union official has called on more EU countries to ban Chinese telecommunications firms Huawei and ZTE from their 5G networks, ramping up tensions with Beijing. That came as several countries, including the U.K., were deciding to ban Huawei over security fears. "I can only emphasize the importance of speeding up decisions to replace high-risk suppliers from their 5G networks. To date, only 10 EU countries have restricted or banned Huawei from their 5G networks, Breton said. Breton's comments follow news that Germany is considering whether to ban Huawei and ZTE from its 5G network because of alleged national security risks.

Persons: Thierry Breton, Breton Organizations: Huawei, European Union, ZTE, EU, Reuters, CNBC Locations: Europe, Germany, Beijing, EU, States, China

☆ China firmly opposes Huawei ban by some EU countries
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

BEIJING/STOCKHOLM, June 16 (Reuters) - China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. EU industry chief Thierry Breton on Thursday urged more EU countries to join the 10 that have restricted or banned China's Huawei (HWT.UL) and ZTE (000063.SZ) from their 5G telecoms networks, citing risks to the bloc's collective security. Huawei has criticised the move saying this was not based on a verified, transparent, objective and technical assessment of 5G networks. Publicly singling out an individual entity as HRV without legal basis is against principles of free trade, a Huawei spokesperson said. "As an economic operator in the EU, Huawei holds procedural and substantial rights and should be protected under the EU and Member States’ laws as well as their international commitments," the person said.

Persons: Thierry Breton, Supantha Mukherjee, Foo Yun Chee, Andrew Cawthorne, Toby Chopra Organizations: Huawei, European Commission, EU, Telecom, Member, Beijing, Thomson Locations: BEIJING, STOCKHOLM, China, Germany, Europe, Member States, Stockholm, Brussels

☆ EU countries right to ban Huawei, ZTE from networks, Breton says
▼ + stars: | 2023-06-15 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, June 15 (Reuters) - The decision by some European Union countries to ban China's Huawei (HWT.UL) and ZTE (000063.SZ) from their 5G telecoms networks is justified and in line with the bloc's guidelines, EU industry chief Thierry Breton said on Thursday. Breton has in recent weeks voiced concerns that some EU countries still have perceived high risk components in their 5G core network, citing intrusive third-country laws on national intelligence and data security - a veiled reference to China. Breton said only 10 of the 27 EU countries had restricted or blocked high-risk vendors. "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. Huawei, ZTE and Beijing have strongly rejected Western allegations that the companies' equipment might be used for spying.

Persons: Thierry Breton, Breton, Foo Yun, Mark Potter Organizations: Union, Huawei, EU, ZTE, Thomson Locations: BRUSSELS, China, Beijing

"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.

Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon

Malaysia has now decided to allow a second entity after DNB's coverage reaches 80% of populated areas, Communications Minister Fahmi Fadzil said in a statement. The government's announcement confirmed a report by Reuters last month on a plan to introduce a second 5G network from January 2024. A recommendation by major carriers for a second 5G provider was rejected by the previous government in March last year. It has said a single network would reduce costs, improve efficiency and accelerate the building of infrastructure. It was not clear how the proposal for a second 5G network would affect DNB's existing agreements with its development partner, Swedish telecoms giant Ericsson (ERICb.ST), and other mobile operators.

☆ EU, US warn Malaysia of security risk in Huawei's bid for 5G role - FT
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

May 2 (Reuters) - The European Union and U.S. have warned Malaysia over risks to national security and foreign investment as it finalises a review of its 5G rollout that could allow China's Huawei Technologies Co Ltd to bid for a role in its telecoms infrastructure, the Financial Times reported on Tuesday. Huawei had long been seen as the frontrunner for the contract, with the government having previously dismissed security concerns raised by the United States. "Allowing untrusted suppliers in any part of the network also subjects Malaysia’s infrastructure to national security risks." Huawei, the U.S. embassy in Kuala Lumpur, the EU delegation to Malaysia and the Malaysian Ministry of Communications and Digital did not immediately respond to a Reuters request for comment. ($1 = 4.4570 ringgit)Reporting by Jyoti Narayan in Bengaluru; editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ Huawei launches in-house software system after being cut off from US services
▼ + stars: | 2023-04-20 | by ( David Kirton | ) www.reuters.com time to read: +2 min

ERP software is used by companies to manage key business operations ranging from accounting to supply chain management. "We were cut off from the old ERP system and other core operation and management systems three years ago," said Tao Jingwen, a Huawei board member and president of its quality, business process and IT management department. The in-house Meta-ERP has been rolled out across 80% of the company's business, Huawei said in a news release. The cut off was a "massive crisis" for Huawei, Tao said in his speech, saying that the old system had been core to the company's operations for over two decades. Huawei's 'meta-ERP' system is a 'cloud-native' product, which uses the company's cloud-computing systems for greater efficiency than traditional ERP products, the person said.

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