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Search resuls for: "China's Huawei Technologies"


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☆ Saudi Arabia signs MoU with China's Huawei -statement
  + stars: | 2022-12-08 | by ( ) www.reuters.com   time to read: 1 min
CAIRO, Dec 8 (Reuters) - Saudi Arabia signed a memorandum of understanding with China's Huawei Technologies (HWT.UL) on Thursday on cloud computing and building high-tech complexes in Saudi cities, the government communication office said in a statement. The MoU was signed during the Chinese president's visit to Saudi Arabia which Beijing said marked its biggest diplomatic initiative in the Arab world. Reporting by Aziz El Yaakoubi; writing by Yomna Ehab; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
☆ Huawei CFO's U.S. bank fraud charges to be dismissed
  + stars: | 2022-12-02 | by ( Karen Freifeld | ) www.reuters.com   time to read: +3 min
Dec 1 (Reuters) - U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China's Huawei Technologies [RIC:RIC:HWT.UL] whose 2018 arrest strained relations between the U.S. and China. Meng had been accused of bank fraud and other crimes for misleading global bank HSBC Holdings Plc about the company's business in Iran to obtain banking services in violation of U.S. sanctions. The charges against Huawei include everything from bank fraud to sanctions busting to conspiracy to steal trade secrets from U.S. technology companies and obstructing justice. The United States also waged a global campaign against Huawei, warning that the Chinese government could use the company's equipment to spy. A lawyer for Meng declined comment and a spokesperson for Huawei did not immediately respond to a request for comment.
☆ China will move to protect its firms following U.S. telecoms ban
  + stars: | 2022-12-01 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Dec 1 (Reuters) - China opposes the U.S. Federal Communications Commission's ban on new Chinese telecommunications equipment sales, the commerce ministry said on Thursday, vowing to adopt necessary measures to safeguard the rights of its domestic firms. The Biden administration on Friday banned the sale or import of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ), citing national security risks. Washington designated five Chinese companies to the so-called "covered list" in March 2021: Huawei, ZTE, telecoms firm Hytera Communications Corp, video surveillance firm Hikvision and surveillance equipment maker Dahua. The commission said the following June that it was considering banning all equipment authorisations for the firms on the list. Chinese commerce minister Wang Wentao expressed concerns over U.S. trade restrictions against China during a recent talk with U.S. Trade Representative Katherine Tai, Shu said last week.
☆ U.S. bans Huawei, ZTE equipment sales, citing national security risk
  + stars: | 2022-11-26 | by ( Diane Bartz Alexandra Alper | Diane Bartz | Alexandra Alper | ) www.reuters.com   time to read: +3 min
REUTERS/Aly Song/File PhotoNov 25 (Reuters) - The Biden administration has banned approvals of new telecommunications equipment from China's Huawei Technologies (HWT.UL) and ZTE (000063.SZ) because they pose "an unacceptable risk" to U.S. national security. "These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications," FCC Chairwoman Jessica Rosenworcel said in a statement. ZTE, Dahua, Hytera and the Chinese embassy in Washington did not immediately respond to requests for comment. The FCC said in June 2021 it was considering banning all equipment authorizations for all companies on the covered list. That came after a March 2021 designation of five Chinese companies on the so-called "covered list" as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks: Huawei, ZTE, Hytera Communications Corp Hikvision and Dahua.
☆ Beijing says testy Xi-Trudeau exchange sparked by leak to media
  + stars: | 2022-11-18 | by ( Eduardo Baptista | ) www.reuters.com   time to read: +2 min
BEIJING, Nov 18 (Reuters) - A tense exchange between Chinese President Xi Jinping and Canadian Prime Minister Justin Trudeau at this week's G20 summit was triggered by the leaking of details of a conversation between the two, China's foreign ministry said on Friday. A video published by Canadian broadcasters on Wednesday showed Xi telling Trudeau, via a translator, that "everything we discussed was leaked to the paper(s), that's not appropriate." The video captured a rare candid moment for Xi, whose image is carefully curated by Chinese state media. While the incident was widely covered by foreign media, there has been no coverage of it in China and the foreign ministry did not include references to it in its published transcript of a briefing on Thursday, where four questions related to the incident were asked. Relations have grown tense again this month after Trudeau accused the Chinese government of "aggressively" interference in Canadian elections.
☆ China's Huawei slows its long decline under U.S. sanctions as revenues improve
  + stars: | 2022-10-27 | by ( David Kirton | ) www.reuters.com   time to read: +2 min
Huawei posted revenue of 445.8 billion yuan ($62.03 billion)for the first three quarters, 10 billion yuan less than it saw in the same period a year earlier, the company said on Thursday. Revenue for the third quarter alone came to 144.2 billion yuan, up 6.5% on a year earlier, based on Reuters calculations. "The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth." The company is now a bit player behind rivals, including its former budget unit Honor, which it sold in 2020. Huawei is pushing to develop other businesses that are less dependent on U.S. technology, including smart car components, energy efficiency systems and cloud services.
☆ South Africa's Telkom launches 5G network with Huawei
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, Oct 27 (Reuters) - South African telecoms operator Telkom (TKGJ.J) has launched its 5G high-speed internet network using technology from China's Huawei Technologies [RIC:RIC:HWT.UL], the companies said on Thursday. "The COVID pandemic has driven significant lifestyle changes for South Africans, due to work from home or school from home, online shopping and an 'always on' kind of culture," said Fortune Wang, Carrier Business Director for Huawei South Africa. "At launch Telkom will primarily focus on providing super fast 5G fixed wireless access solutions, as the demand for mobile 5G increases, we will supplement this with suitable mobile propositions," said Lunga Siyo, chief executive officer of Telkom Consumer and Business. Shunned in the global north due to security concerns, which Huawei has denied, the Chinese company dominates in Africa as a supplier of equipment to many telecoms operators. Reporting by Nqobile Dludla Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. charges two Chinese nationals with Huawei case obstruction-source
  + stars: | 2022-10-24 | by ( Jonathan Stempel Sarah N. Lynch Karen Freifeld | Jonathan Stempel | Sarah N. Lynch | ) www.reuters.com   time to read: +4 min
Prosecutors charged Chinese nationals Guochun He and Zheng Wang with trying to interfere in prosecution of an international telecommunications company. While court documents did not name the company, a person familiar with the investigation said they were trying to interfere with the prosecution of Huawei (HWT.UL). Register now for FREE unlimited access to Reuters.com RegisterA spokesperson for Huawei could not be reached for comment on Monday. Prosecutors also unveiled charges against four Chinese nationals in what they called a long-running intelligence campaign. The complaint against He and Wang alleges they tried to obtain confidential information concerning witnesses, trial evidence and any potential new charges the company could face.
☆ U.S. FCC set to ban approvals of new Huawei, ZTE equipment- document
  + stars: | 2022-10-13 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
WASHINGTON, Oct 13 (Reuters) - The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) in the United States on national security grounds, according to a document posted by the agency. The companies would not be able to sell new equipment in the United States without equipment authorizations. In June 2021, the FCC voted to advance the plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats, including Huawei and ZTE. ... We have left open opportunities for (Huawei and other Chinese equipment) use in the United States through our equipment authorization process. The FCC action would prohibit all future authorizations for communications equipment deemed to pose an unacceptable risk to national security.
☆ UK extends deadline to remove Huawei from 5G networks after one carrier warned of outages
  + stars: | 2022-10-13 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
LONDON — The U.K. government extended a deadline for telecom companies to remove equipment from Chinese tech giant Huawei from their 5G mobile networks. They will still need to ban new Huawei 5G installments and completely eliminate it from their networks by the end of 2027. The order was enshrined in law last year with a piece of legislation called the Telecoms Security Act. Previously, telecoms groups like BT and Vodafone had been told to remove Huawei 5G equipment from their "core" by January 2023. Today I'm using these powers and making it a legal requirement for Huawei to be removed from 5G networks by 2027."
☆ Chinese regulator gives greenlight to fund targeting Korean chipmakers
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, Oct 10 (Reuters) - China's securities regulator has given the greenlight to the country's first mutual fund targeting top Chinese and South Korean chipmakers, an official at Huatai-PineBridge Fund Management Co said, amid an escalating Sino-U.S. tech war. The China Securities Regulatory Commission's approval comes amid heightened geopolitical tensions between the world's two largest economies. The exchange-traded fund (ETF) will invest in top Korean semiconductor firms including Samsung Electronics Co (005930.KS) and SK Hynix Inc (000660.KS), as well as Chinese chipmaking giants such as Semiconductor Manufacturing International Corp and Montage Technology Co (688008.SS). In 2021, South Korea was China's second-biggest exporting country in equipments, including chipmaking tools, and Chinese exports to South Korea have also been rising, the fund manager said. South Korea said on Saturday there would be no significant disruption to equipment supply for Samsung and SK Hynix's existing chip production in China from the U.S. move.
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