Huawei: US Ban Will Hit Entire Technology Sector
Huawei reacts sharply to the extended sanctions of the United States. This will affect the company, but also the entire technology sector and the US itself, it is said.
The Trump administration last week extended sanctions against Huawei and ZTE that prevented companies from getting technology from U.S. companies.
This includes access to Google services (on Android), but also chips and other network equipment components.
Huawei says it is still studying the full impact of that decision, but in the meantime reacts strongly and warns that the spell of Huawei may also affect American companies and the entire sector.
“This has an impact on communications services of more than three billion people using Huawei products.
To attack a company from another country, the US government is also abandoning Huawei customers and their consumers. This speaks for itself against network security.
” According to a statement that the company gave at the start of its Global Analyst Summit.
Last year, the company invested 131.7 billion RMB in R&D, an increase of nearly thirty percent. Much of that went to plug the holes left by the American ban.