Skip to main content

Huawei’s chairman has harsh words for the U.S. government

The past couple of years have marked some steep ups and downs for Huawei. Just this morning, the company posted a 25 percent raise in profit to $8.84 billion in 2018. Yesterday, on the other hand, a UK oversight body issued a report noting “serious and systematic defects.”

While it’s true that on-going security concerns and reports of Huawei’s ties to the Chinese government haven’t put a damper on the company’s profits, they have managed to stifle its international growth. But it’s not giving up without a fight. Mobile chief Richard Yu famously raged against U.S. carriers at a keynote a couple of CESes back, and now another top exec is back with some not-so-kind words.

In an interview with the Financial Times posted today, Guo Ping, one of Huawei’s rotating chairman,   took the U.S. government to task. “The US government has a loser’s attitude,” he told the site. “They want to smear Huawei because they can’t compete with us.”

FT says Guo went on to add that “the US has abandoned all table manners.” The executive does rightly point out that, “Countries have made their own decisions based on their own interests, not the interests of the US.” While some have heeded the U.S. government’s calls, other bodies, including the E.U. have taken a more cautious approach to the company, without embracing an outright ban.

While Huawei has been making the bulk of its money on consumer devices, these sorts of bans will become more and more part of Huawei’s bottomline as the world looks to competitors to supply 5G networking equipment.



from TechCrunch https://ift.tt/2JOVHYC
via IFTTT

Comments

Popular posts from this blog

Max Q: Psyche(d)

In this issue: SpaceX launches NASA asteroid mission, news from Relativity Space and more. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/h6Kjrde via IFTTT

Max Q: Anomalous

Hello and welcome back to Max Q! Last week wasn’t the most successful for spaceflight missions. We’ll get into that a bit more below. In this issue: First up, a botched launch from Virgin Orbit… …followed by one from ABL Space Systems News from Rocket Lab, World View and more Virgin Orbit’s botched launch highlights shaky financial future After Virgin Orbit’s launch failure last Monday, during which the mission experienced an  “anomaly” that prevented the rocket from reaching orbit, I went back over the company’s financials — and things aren’t looking good. For Virgin Orbit, this year has likely been completely turned on its head. The company was aiming for three launches this year, but everything will remain grounded until the cause of the anomaly has been identified and resolved. It’s unclear how long that will take, but likely at least three months. Add this delay to Virgin’s dwindling cash reserves and you have a foundation that’s suddenly much shakier than before. ...

What’s Stripe’s deal?

Welcome to  The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up  here  so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. —  Mary Ann Stripe eyes exit, reportedly tried raising at a lower valuation The big news in fintech this week revolved around payments giant Stripe . On January 26, my Equity Podcast co-host and overall amazingly talented reporter Natasha Mascarenhas and I teamed up to write about how Stripe had set a 12-month deadline for itself to go public, either through a direct listing or by pursuin...