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Eugene

(61,872 posts)
Fri Nov 23, 2018, 07:16 PM Nov 2018

U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall

WSJ article: Washington Asks Allies to Drop Huawei (registration required)

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Source: Reuters

BUSINESS NEWS NOVEMBER 22, 2018 / 6:00 PM / UPDATED 14 HOURS AGO

U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall

(Reuters) - The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal reported on Thursday.

The move would further pile pressure on the world’s biggest telecom gear maker, which is under scrutiny from Western intelligence agencies for its perceived ties to China’s government and the possibility its equipment could be used for espionage.

U.S. officials have reached out to their government counterparts and telecom executives in friendly countries where Huawei equipment is already in wide use about what they see as cybersecurity risks, according to the WSJ report, which cited unnamed people familiar with the situation.

The United States has already largely barred Huawei from supplying its government and contractors, while Australia has banned the company from supplying equipment for a 5G mobile network.

-snip-


Read more: https://www.reuters.com/article/us-usa-china-huawei/u-s-asks-allies-to-shun-huawei-equipment-wsj-reports-sector-stocks-fall-idUSKCN1NR2E6
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U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall (Original Post) Eugene Nov 2018 OP
Didn't humpty trumpty bail some Chinese tech company out? AJT Nov 2018 #1
That was ZTE and they're even worse. Eugene Nov 2018 #2
Exactly. AJT Nov 2018 #3

Eugene

(61,872 posts)
2. That was ZTE and they're even worse.
Fri Nov 23, 2018, 07:39 PM
Nov 2018

Huawei apparently hasn't invested $500M in a Trump-related project.

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