huawei technologies

Factbox: Global tech companies shun Huawei after U.S. ban   -30%

Global technology companies, including chip suppliers, are cutting off their ties with China's Huawei Technologies Co after the Trump administration put the world's largest telecom equipment maker on a trade blacklist, citing national security concerns.

Huawei founder says growth may slow, but only slightly after US restrictions   -6%

Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent US restrictions. In

US may scale back Huawei trade restrictions to help existing customers   -22%

The US Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company

Huawei restrictions temporarily scaled back by US  

The licence scales back the restrictions imposed by the US government last week on Huawei Technologies buying US goods in order to help existing customers.

Huawei boss defends US companies against rising Chinese nationalism  

Huawei Technologies founder Ren Zhengfei has moved to quell a rising tide of nationalistic fervour in China against US firms, including Google and Intel, following last week’s blacklisting of the world’s No 2 smartphone maker by the Trump administration.Speaking to mainland media outlets on Tuesday, Ren cautioned Chinese media and consumers against equating buying decisions with patriotism and called for an end to criticism of US corporations.“Let’s speak out more in favour of US firms. If you…

Huaweis mobile chief expects self-developed OS to be ready for market roll-out as early as year end  

Huawei Technologies, the Chinese smartphone giant facing a US ban that may prevent it from installing Google services on handsets sold in overseas markets, plans to launch its own operating system compatible with Google’s Android, according to Huawei’s mobile business chief executive Richard Yu Chengdong.Huawei’s self-developed OS will be able to support a range of products and systems within its ecosystem, including smartphones, computers, tablets, TVs, automobiles and smart wear, which will…

Donald Trump held off punishing Huawei until US-China trade talks stalled   4%

The Trump administration held off on blacklisting Huawei Technologies out of concern the move could disrupt trade negotiations with China and took action only after the last round of talks hit an impasse, according to people familiar with the matter.Plans to target the Chinese telecommunications equipment maker over security concerns had been on the table for months and included possibly subjecting Huawei to economic sanctions, according to the sources, who asked not to be identified discussing…

Huawei prepares for US ban by checking on suppliers and activating contingency plans   16%

Huawei Technologies, the Chinese telecoms equipment giant that has been restricted from using US technologies, is preparing for the break by checking on its suppliers and readying contingency plans.Huawei has been checking with its non-US suppliers to verify whether they are still able to work with the company under the ban, according to people familiar with the matter, who declined to be named as the information is private.Three companies from Huawei’s supply chain confirmed with the South…

Huawei founder Ren Zhengfei says clash with the US was inevitable   45%

Huawei Technologies founder Ren Zhengfei said he foresaw the clash with the US government, saying it was a matter of time before the Chinese telecommunications equipment maker threatened US interests and attracted retaliation.“We sacrificed [the interests of] individuals and families for the sake of an ideal, to stand at the top of the world,” Ren said in interview with Chinese state media on Tuesday. “For this ideal, there will be conflict with the United States sooner or later.”The US…

US Commerce Department scales back restrictions on Huawei, allowing Chinese firm to maintain existing networks and provide phone updates  

The US government on Monday eased some restrictions imposed last week on China’s Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.The US Commerce Department will allow Huawei Technologies to purchase American-made goods so it can maintain existing networks and provide software updates to existing Huawei phones.The company is still prohibited from buying American parts and components to manufacture new products without…

US stocks fall as Huawei ban fallout hits tech shares  

US stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.Since the White House added Huawei to a trade blacklist last week, several companies have suspended business with the world’s largest telecoms equipment maker.Alphabet Inc’s Google has moved to stop providing Huawei with access to its…

Bullying and blackmail: China could retaliate as US moves to curb Huaweis business with executive order, blacklist  

China could retaliate against the US after President Donald Trump blacklisted Huawei Technologies, the Chinese ambassador to the European Union said.Trump upped the ante in his trade dispute with China last week, announcing moves to curb Huawei’s business that are starting to have ramifications for other companies around the world.“This is wrong behaviour, so there will be a necessary response,” Zhang Ming, China’s envoy to the EU, said in an interview in Brussels on Monday.“Chinese companies’…

Huawei CEO Ren Zhengfei says US curbs will slow growth only slightly   -4%

Huawei Technologies Co. Chief Executive Officer and founder Ren Zhengfei said he expects US restrictions won’t hurt the Chinese company’s growth much, Nikkei reported.“Huawei’s growth may slow, but only slightly,” Ren told Japanese reporters at the telecommunications equipment maker’s headquarters in Shenzhen, China, according to Nikkei.It was his first media statement since President Donald Trump and the US Commerce Department imposed restrictions on May 15. The closely held company’s revenue…

Europe must maintain own course: Germany distances itself from US blacklisting of Huawei while Netherlands investigates possible spying   6%

German Chancellor Angela Merkel and the powerful BDI (Federation of German Industries) association distanced themselves on Thursday from the US government’s decision to put Chinese telecom equipment giant Huawei Technologies on a blacklist.China has slammed the US move and threatened to take its own steps to protect its companies, in a further test of ties as the economic heavyweights clash over trade.“Europe needs to maintain its own course,” the BDI said, adding that the European Union would…

Huawei will commit to no-spy agreements to win government contracts, chairman says amid US pressure on allies over 5G fears   6%

Huawei Technologies is prepared to include provisions in its government contracts not to facilitate “back door” espionage by Beijing, the chairman of the Chinese telecommunications giant said on Tuesday.“We are willing to sign no-spy agreements with governments, including the UK government, to commit ourselves to making our equipment meet the no-spy, no-back-doors standard,” Liang Hua said at a company-sponsored business conference in London.The concession from the smartphone maker comes as the…

Chinas Xiaomi pushes global smartphone expansion as it monitors US trade ban on Huawei   2%

Xiaomi Corp, the world’s fourth largest smartphone supplier, said it was closely monitoring the recent move by Google to curtail some business with Chinese rival Huawei Technologies as the company accelerates its international expansion plans.“We are paying a lot of attention to this issue, but it has no direct impact on us,” said Chew Shou Zi, chief financial officer at Xiaomi, in a conference call with analysts after the close of trading in Hong Kong on Monday.Chew said the Beijing-based…

Top U.S. tech companies begin to cut off vital Huawei supplies  

(Bloomberg) -- The impact of the Trump administration’s threats to choke Huawei Technologies Co. reverberated across the global supply chain on Monday, hitting some of the biggest component-makers.

Chipmakers including Intel Corp., Qualcomm Inc., Xilinx Inc. and Broadcom Inc. have told their employees they will not supply Huawei until further notice, according to people familiar with their actions. Alphabet Inc.’s Google cut off the supply of hardware and some software services to the Chinese mobile phone equipment giant, another person familiar said, asking not to be identified discussing private matters.

The Trump administration on Friday blacklisted Huawei -- which it accuses of aiding Beijing in espionage -- and threatened to cut it off from the U.S. software and semiconductors it needs to make its products. The ban, which had been anticipated, hamstrings the world’s largest provider of networking gear and No. 2 smartphone vendor.

Blocking the sale to Huawei of critical components could also disrupt the businesses of American chip giants like Micron Technology Inc. and retard the rollout of critical 5G wireless networks worldwide -- including in China. That in turn could hurt U.S. companies that are increasingly reliant on the world’s second largest economy for growth.

If fully implemented, the Trump administration action could have ripple effects across the global semiconductor industry. Intel is the main supplier of server chips to the Chinese company, Qualcomm provides it with processors and modems for many of its smartphones, Xilinx sells programmable chips used in networking and Broadcom is a supplier of switching chips, another key component in some types of networking machinery. Representatives for the chipmakers declined to comment.

Intel, which gets less than 1% of its revenue from Huawei...

Huawei founder says US govt is underestimating company: state media   -12%

The U.S. government's temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei's founder Ren Zhengfei told state broadcaster CCTV Tuesday in an interview.

Lumentum says halting all Huawei shipments, cuts quarterly forecast   12%

Mobile phone parts producer Lumentum Holdings Inc. on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies, following export restrictions put in place by the United States Department of Commerce.