With Huawei’s fate looking increasingly fragile as the US attempts to chop and chip at its supply chain, the vendor has stated it has the stockpile and capacity to meet all existing commercial contracts.
Huawei CFO Wanzhou Meng, the daughter of Ren Zhengfei, has lost her first legal battle in Canada and will now have to face an extradition case.
The US Department of Justice has hit Chinese telecoms vendor Huawei with a 23-count indictment, covering allegations ranging from bank fraud to theft of trade secrets.
One of the biggest stories of the year, and one of the major catalysts of the US/China trade war, was ZTE’s brush with extinction, but Huawei thinks it’s robust enough to withstand the US economic dirty-bomb.
ZTE employs 75,000 people and sold $17 billion of gear last year, but seems to have been wiped out with one stroke of a US regulatory pen. That’s scary.
Chinese kit vendor ZTE has settled with US authorities to the tune of over a billion dollars as a result of violating trade sanctions with Iran and North Korea.
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