Apple's market share in China slipped to 5% from 7% in the year-ago quarter. The July-September quarter marked the iPhone's weakest sales in China in five years
In May, Huawei, the world's largest telecoms equipment provider, was placed on a US blacklist over national security concerns, banning it from buying American-made parts without a special license
The world's largest maker of components for 5G networks said it's continuing to invest in India and working with the government to counter US allegations
India is still planning the setting up of its 5G networks, which is expected to be rolled out by next year
WASHINGTON (Reuters) - A U.S. House panel unveiled bipartisan legislation this week that would authorize $1 billion for small and rural wireless providers to replace network equipment from companies including Huawei Technologies Co Ltd and ZTE Corp <000063.SZ> that lawmakers say pose a national security risk.
Canada on Wednesday announced the appointment of a prominent businessman as its new ambassador to China amid damaged relations following the arrest of a top Chinese tech executive. Prime Minister Justin Trudeau announced Dominic Barton, the former global managing director of the influential consulting firm McKinsey & Co, as the new envoy. Barton is head of the Trudeau government's economic advisory council. Beijing's embassy in Ottawa said China has accepted the nomination of Barton and said the Chinese side "expects him to play a positive role in promoting the bilateral relations back to the right track." Trudeau fired the previous ambassador after he said it would be "great" if the U.S. dropped its extradition request for Huawei executive Meng Wanzhou. The arrest of the daughter of the founder of Huawei at Vancouver's airport Dec. 1 severely damaged relations between China and Canada. The U.S. wants her extradited to face charges that she committed fraud by misleading banks ...
Huawei Technologies Ltd. is the No. 2 global smartphone brand and the biggest maker of network gear for phone companies
The remarks come in the backdrop of US' concerns over deployment of Huawei telecom gear in new and upcoming networks
US has threatened a ban on the company's equipment alleging security concerns
In a memo sent to employees on Monday loaded with military metaphors, 74-year-old Ren asked staff to work aggressively towards sales targets as the firm goes into "battle mode" to survive the crisis
The original ban was announced earlier this year by US authorities who claim it provides a backdoor for Chinese intelligence services
Shortly after blacklisting the company in May, the Commerce Department initially allowed Huawei to purchase some American-made goods in a move aimed at minimizing disruption for its customers
Trump administration is also asking others to not give access to Huawei inside their countries
The govt should take an objective decision
Chinese officials said there could be "reverse sanctions" on Indian firms engaged in business in China should India block Huawei because of pressure from Washington
"We can do business for non-security things with Huawei because that's -- we'll do that. But anything having to do with the national security, we're not dealing with Huawei," Trump said
The subject of Huawei was expected 'to come up but that it is not the reason why they are convening the meeting,' said the official, who spoke on condition of anonymity.
Some Canadian allies have already imposed restrictions on using Huawei equipment, citing the risk of espionage
Trump surprised markets on Saturday by promising Chinese President Xi Jinping on the sidelines of the G20 summit in Japan that he would allow US companies to sell products to Huawei
The US has banned Huawei, the world's leader in telecom equipment and the number two smartphone producer, over concerns of security