Revenue at Chinese telecom rose 10% as net profit more than doubles
Chinese telecoms firm Huawei grew faster in 2023 than it has for four years, as it shrugged off the impact of US sanctions.
Revenues rose by nearly 10% to 704.2bn yuan (£77bn) as the Shenzhen-based company enjoyed a rebound within its consumer segment, which includes smartphone handsets.
Continue reading...US-based semiconductor association claims Chinese tech firm has acquired at least two plants and is constructing three others
Huawei has been accused by a leading association of semiconductor manufacturers of building a collection of secret chip-making facilities across China to help the technology company bypass US sanctions, according to a report.
The Chinese tech firm moved into chip production last year and was receiving an estimated $30bn (£23.7bn) in state funding from the government, the Washington-based Semiconductor Industry Association was quoted as saying by Bloomberg, adding that Huawei had acquired at least two existing plants and was building three others.
Continue reading...Beijing reacts angrily to reports that Washington has moved to restrict American exports to hi-tech company
China has reacted angrily to reports that the United States has stopped approving licences for American companies to export most items to China’s hi-tech company Huawei, accusing the US of deliberately targeting Chinese companies under the pretext of national security.
US officials are creating a new formal policy of denial for shipping items to Huawei that would include items below the 5G level, including 4G items, wifi 6 and 7, artificial intelligence, and high-performance computing and cloud items, according to a Reuters report that quoted unnamed sources.
Continue reading...Bar on telecommunications products from firms including ZTE, Dahua and Hikvision are part of latest crackdown on Chinese tech giants amid spying fears
The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to US national security.
The US Federal Communications Commission (FCC) said on Friday it had adopted the final rules, which also bar the sale or import of equipment made by Chinese surveillance equipment maker Dahua Technology, video surveillance firm Hangzhou Hikvision Digital Technology and telecoms firm Hytera Communications Corp.
Continue reading...Pair allegedly tried to bribe top US official as attorney general says DoJ ‘will not tolerate attempts to undermine the rule of law’
Two Chinese intelligence officers tried to bribe a US law enforcement official as part of an effort to obtain inside information about a criminal case against the Chinese telecommunications company Huawei, federal prosecutors alleged in an indictment unsealed on Monday.
The announcement of charges against the two alleged agents came as attorney general Merrick Garland detailed two other cases in which Chinese intelligence operatives harassed dissidents inside the United States and pressured US academics to work for them.
Continue reading...Ren Zhengfei writes in leaked memo that ‘chill will be felt by everyone’ and company must focus on survival
The founder of Huawei has delivered a stark warning for the tech company’s future, sparking alarm with the frankness of his assessment and what it signals for smaller businesses amid China’s economic troubles and a global downturn.
In a leaked internal memo, Ren Zhengfei told Huawei staff “the chill will be felt by everyone” and the company must focus on profit over cashflow and expansion if it is to survive the next three years, indicating further job cuts and divestments.
Continue reading...Move brings Ottawa into line with intelligence allies that have excluded Chinese tech firms from cutting-edge phone networks
Canada says it will ban Huawei and ZTE from the country’s 5G network, a move that puts it in line with intelligence-sharing allies, but risks further chilling relations with China.
The federal government made the announcement on Thursday afternoon after signalling for months it intended to block China’s flagship telecommunications companies from accessing 5G networks in Canada.
Continue reading...Wang Yam sent committee warnings about Britain’s involvement with telecommunications firm
A Chinese informant for MI6, now serving a life sentence for murder in a British jail, has given information about the telecommunications company Huawei to the parliamentary intelligence and security committee (ISC), the Guardian has learned.
He has been thanked by the chair of the committee, the senior Conservative backbencher Dr Julian Lewis, and told that he had raised “several important areas of concern” and that the committee’s findings may be “of interest” to him.
Continue reading...Federal Communications Commission action is the latest pushback against what the US sees as infiltration by Chinese tech firms
The US communications regulator has voted to revoke China Telecom’s licence in America over national security concerns in the latest pushback by Washington against what it deems possible infiltration of key networks by Chinese companies.
The decision by the US Federal Communications Commission (FCC) means China Telecom Americas must now discontinue US services within 60 days. China Telecom, the largest Chinese telecommunications company, has had authorisation to provide telecommunications services for nearly 20 years in the United States.
Continue reading...US justice department suspended fraud charges against chief financial officer of Chinese telecoms giant
The Chinese telecommunications giant Huawei hopes that the US justice department’s decision to abandon its efforts to extradite Meng Wanzhou may mark the starting point in a new era in relations between the company, China and the US government.
Meng, the firm’s chief financial officer and daughter of its founder, was freed last month after three years of house arrest in Canada following an agreement with the justice department to suspend fraud charges against her.
Continue reading...Analysis: Beijing’s increasingly hardline approach sends a chilling message
The release of two Canadian hostages by China has ended a lengthy feud between the two countries, but experts caution the saga foreshadows a deepening rift between the two nations.
After facing charges of espionage and spending more than 1,000 days in detention, Michael Kovrig and Michael Spavor were set free by Chinese authorities late last week. Accompanied by Canada’s ambassador to China, the pair arrived home early on Saturday morning.
Continue reading...The agreement with Wanzhou clears a topic of dispute between US and China and could bring release of two Canadians
Meng Wanzhou, the Huawei executive at the centre of a three-way diplomatic row between China, the US and Canada has reached an agreement with US prosecutors to resolve the bank fraud case against her, in a process that should allow her to leave Canada, where she has been under house arrest.
Meng is expected to appear virtually in a hearing on Friday afternoon in Brooklyn federal court. She was arrested at Vancouver international airport in December 2018 on a US warrant, and was indicted on bank and wire fraud charges for allegedly misleading HSBC about Huawei’s business dealings in Iran.
Continue reading...Catherine Chen says Chinese telecoms firm will use technical expertise to reach new markets less dependent on the US
Huawei has been forced to adopt the mentality of a startup partly because of US government sanctions, Catherine Chen, a board member for the Chinese telecommunications company, has said.
Helping to run probably the most scrutinised company in the world, she said Huawei would survive and eventually break free of the attempted US shackles by using its technical expertise to forge a path into new markets less dependent on the US, such as energy conservation, artificial intelligence and electric cars.
Continue reading...The executive’s case has sent China’s relations with the US and Canada plummeting with accusations of political arrests and ‘hostage diplomacy’
Until she was detained at Vancouver airport in December 2018, Meng Wanzhou was not a household name. But the 49-year-old Huawei executive has now become the face of a high-stakes trilateral dispute between China, Canada and the US.
Related: Meng Wanzhou extradition case wraps up but verdict will take months
Continue reading...Lawyers for Meng Wanzhou, whose detention has thrown US-China feud into focus, urge judge to throw out extradition request
Lawyers for Meng Wanzhou say American prosecutors acted in “bad faith” and abused the Canadian justice system when they pursued the Huawei chief financial officer, in final arguments of the telecoms executive’s closely watched extradition proceedings.
In a Vancouver courtroom on Wednesday, Meng’s legal team argued that American prosecutors misled the Canadian justice system in their legal summary of the allegations against Meng. Her team says this abuse of process obliges the judge overseeing the case to toss out the extradition request against Meng and set her free.
Continue reading...Judge refuses to admit new evidence that might have helped Meng Wanzhou avoid extradition to US
The prospect of a deepening diplomatic row between the US and China has grown after a Canadian judge refused to admit new evidence that might have helped the Huawei chief financial officer, Meng Wanzhou, avoid extradition to the US.
The arrest of Meng, the daughter of the Chinese telecommunication company’s billionaire founder, has prompted a sharp deterioration in relations between Canada, the US and China. Soon after Meng’s detention in Vancouver in December 2018, China arrested two Canadians in China: Michael Spavor and Michael Kovrig.
Continue reading...Lawyers will try to persuade Canadian court to permit new documents to be introduced as evidence to clear Meng Wanzhou
US justice department’s battle to extradite Meng Wanzhou from Canada has taken a fresh turn as lawyers for Huawei’s chief financial officer claimed that internal emails and bank documents prove there is no grounds to extradite her to the US.
Meng, 48, was arrested on a US warrant at Vancouver airport in late 2018, and has been battling extradition to the US. Her detention infuriated the Chinese government and has helped drag relations between Beijing and Ottawa to their lowest point in years.
Continue reading...Meng Wanzhou’s team had sought more time to review new documents after Hong Kong settlement with HSBC
A Canada judge has agreed to delay Meng Wanzhou’s US extradition hearings for three months, according to a ruling read in court on Wednesday, handing the Huawei chief financial officer’s defense team a win.
Meng, 49, was arrested at Vancouver international airport on charges of bank fraud in the US for allegedly misleading HSBC about Huawei’s business dealings in Iran, causing the bank to break US sanctions.
Continue reading...Chinese firm could have been monitoring calls of KPN’s 6.5m users without its knowledge, report claims
The Chinese telecoms equipment supplier Huawei was able to monitor all calls made on one of the Netherlands’ largest mobile phone networks, according to a confidential report seen by the Dutch newspaper De Volkskrant.
The report, made for KPN by the Capgemini consultancy firm in 2010, concluded that the Chinese company could have been monitoring the calls of the provider’s 6.5m users without the Dutch company’s knowledge, according to the newspaper.
Continue reading...Canada criticises pair’s detention as ‘arbitrary’ as Beijing says trial will begin on Friday
China has announced it will begin trials for the two Canadians it detained in apparent retaliation for Canada’s arrest of a telecoms executive.
Michael Kovrig and Michael Spavor were detained in December 2018, days after Canada arrested Huawei executive Meng Wanzhou at the request of the United States.
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