Ren Zhengfei huawei

Huawei, a Chinese tech giant, was recently put on a US blacklist that prevents it from doing business with US companies without first getting US government approval.
The US has long voiced concerns that Huawei technology has been used for Chinese government-sponsored spying, a claim the company has continually denied.
Here’s everything you need to know about Huawei and how it became viewed as a threat to US national security.
Visit Business Insider’s homepage for more stories.

In a huge blow to Chinese tech giant Huawei, President Trump declared a national emergency Wednesday over “threats against information and communications technology and services” in the US.

The US has upped its fight in the last year against Huawei, which it suspects of spying for the Chinese government and posing a great risk to US national security.

Huawei has been barred from doing business with US companies unless it gets permission from the US government first. Federal prosecutors filed charges against the company earlier this year for alleged bank and wire fraud, and are still pursuing the extradition of Huawei executive Meng Wanzhou on charges she allegedly violated US trade sanctions.

For Americans, Huawei may not be a familiar name. But the tech giant is actually the second-largest smartphone manufacturer in the world, behind only Samsung, after recently pulling ahead of Apple.

Here’s what you need to know about Huawei and its battle with the US government:

SEE ALSO: Huawei’s new China campus is divided into 12 European-style towns connected by a train — here’s what the 25,000 person campus looks like

Huawei is a massive tech company producing telecommunications services, enterprise tech, and consumer devices, like smartphones. The company sells its products in more than 70 countries.

Source: Huawei

The company raked in almost $93 billion in sales last …read more

Source:: Business Insider

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *