China-based telecom equipment manufacturer Huawei won’t completely exit...
China-based telecom equipment manufacturer Huawei won’t completely exit the U.S. market despite media reports that the company’s CEO said “it’s not worth it” to remain in the U.S. due to recent scrutiny from Congress, a Huawei spokesman told us. “We…
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remain committed to our customers, employees, investments and operations and more than $1 billion in sales in the U.S., and we stand ready to deliver additional competition and innovative solutions as desired by customers and allowed by authorities.” Foreign Policy reported that Huawei CEO Ren Zhengfei told reporters Nov. 25 that “we have decided to exit the U.S. market, and not stay in the middle” of U.S.-China relations. The House Intelligence Committee said after an investigation last year that the U.S. government and American companies shouldn’t do business with either Huawei or ZTE because of long-term security risks. The committee was not able to conclusively determine that either company was involved in any spying or cyberattacks and both companies denied they were engaged in any wrongdoing (CD Oct 10/12 p3). Those concerns later threatened Japanese telco SoftBank’s buy of 78 percent of Sprint and Sprint’s buyout of Clearwire, but the companies agreed to mitigate the use of Huawei equipment in their U.S. networks (CD April 1 p5).