Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume

Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a


Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a
Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Meanwhile, Trump has reportedly been preparing an executive order to ban Huawei and ZTE from operating in the U.S., which would grant U.S. companies a little more cushion to build their own 5G networks. Now it seems Trump could be reconsidering a ban on Chinese telecoms.

It’s unclear whether a potential ban on Huawei and ZTE would factor into negotiations, but such an executive order would likely invite some bad blood between the world’s two largest economies.

The U.S. and other countries have long feared Huawei’s equipment could be used for spying.

TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. New Zealand and Japan have similar prohibitions in place. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.”

Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will allow all 5G equipment vendors in the country.

U.S. carriers AT&T and Verizon are still activating fledgling 5G networks in select cities, and T-Mobile and Sprint plan to launch theirs later this year. Most experts think it will take until at least 2020 for 5G to become widespread.

Samsung just announced the first phone that will run on the faster network, but it won’t launch until the second quarter of this year.

Trump’s reference to nonexistent “6G” might just be an indication he wants technology to be running full speed ahead, but it’s not something that anyone will be able to use in the near future.

The White House did not respond to a request for comment.

WATCH: Here’s what you need to know about the Huawei debate


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


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Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume

Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a


Now it seems Trump could be reconsidering a ban on Chinese telecoms. TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.” Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will a
Trump hints at a softer stance on Huawei in a bizarre ‘6G’ tweet, as China trade talks resume Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
Keywords: news, cnbc, companies, order, softer, trade, trump, hints, huawei, zte, ban, think, equipment, bizarre, networks, stance, resume, china, talks, similar, 5g


Trump hints at a softer stance on Huawei in a bizarre '6G' tweet, as China trade talks resume

Why the US thinks Huawei has been a massive national security threat for years 3:57 PM ET Thu, 27 Dec 2018 | 04:41

Meanwhile, Trump has reportedly been preparing an executive order to ban Huawei and ZTE from operating in the U.S., which would grant U.S. companies a little more cushion to build their own 5G networks. Now it seems Trump could be reconsidering a ban on Chinese telecoms.

It’s unclear whether a potential ban on Huawei and ZTE would factor into negotiations, but such an executive order would likely invite some bad blood between the world’s two largest economies.

The U.S. and other countries have long feared Huawei’s equipment could be used for spying.

TPG Telecom dropped plans to use Huawei equipment in Australia, which banned the use of Huawei’s equipment. New Zealand and Japan have similar prohibitions in place. The U.K. hasn’t made a decision either way, but the Royal United Services Institute, a defense think tank, warned earlier this month that allowing Huawei equipment could be “naive” and “irresponsible.”

Germany has considered similar measures, but said earlier this month that it isn’t ready to ban Huawei and that it will allow all 5G equipment vendors in the country.

U.S. carriers AT&T and Verizon are still activating fledgling 5G networks in select cities, and T-Mobile and Sprint plan to launch theirs later this year. Most experts think it will take until at least 2020 for 5G to become widespread.

Samsung just announced the first phone that will run on the faster network, but it won’t launch until the second quarter of this year.

Trump’s reference to nonexistent “6G” might just be an indication he wants technology to be running full speed ahead, but it’s not something that anyone will be able to use in the near future.

The White House did not respond to a request for comment.

WATCH: Here’s what you need to know about the Huawei debate


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: sara salinas, todd haselton, al drago, bloomberg, getty images
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US lawmakers target ZTE with sanctions bill

A bipartisan group of senators introduced a bill on Tuesday that would reimpose sanctions on ZTE if the Chinese telecommunications firm fails to live up to U.S. laws and an agreement with the Trump administration. ZTE broke a previous agreement and was caught illegally shipping U.S.-origin goods to Iran and North Korea, Commerce Department officials said. ZTE pleaded guilty last year over the sanctions violations. This is the second time lawmakers have introduced a bill on ZTE and sanctions. The


A bipartisan group of senators introduced a bill on Tuesday that would reimpose sanctions on ZTE if the Chinese telecommunications firm fails to live up to U.S. laws and an agreement with the Trump administration. ZTE broke a previous agreement and was caught illegally shipping U.S.-origin goods to Iran and North Korea, Commerce Department officials said. ZTE pleaded guilty last year over the sanctions violations. This is the second time lawmakers have introduced a bill on ZTE and sanctions. The
US lawmakers target ZTE with sanctions bill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: johannes eisele, afp, getty images
Keywords: news, cnbc, companies, target, zte, agreement, trump, introduced, technologies, sanctions, united, previous, senators, bill, lawmakers


US lawmakers target ZTE with sanctions bill

A bipartisan group of senators introduced a bill on Tuesday that would reimpose sanctions on ZTE if the Chinese telecommunications firm fails to live up to U.S. laws and an agreement with the Trump administration.

U.S. President Donald Trump angered many members of Congress, including some of his fellow Republicans, in July 2018 when he decided to lift a ban on U.S. companies selling to ZTE, allowing the Chinese company to resume business.

ZTE broke a previous agreement and was caught illegally shipping U.S.-origin goods to Iran and North Korea, Commerce Department officials said. ZTE pleaded guilty last year over the sanctions violations.

Republican Senators Marco Rubio, Susan Collins and Jerry Moran sponsored the legislation along with Democratic Senators Chris Van Hollen, Mark Warner, Elizabeth Warren and Doug Jones.

The bill comes just days after top U.S. officials met with their counterparts from China in Washington to try to hammer out an agreement to end a trade war between the world’s two biggest economies.

It also comes as the United States tries to extradite a top executive at Huawei Technologies on charges she conspired to violate U.S. sanctions on Iran.

Many members of Congress view ZTE and Huawei as national security threats, worrying that the use of their technologies in the United States could make it easier for China to steal secrets.

This is the second time lawmakers have introduced a bill on ZTE and sanctions. The previous bill, introduced in September, expired as the previous Congressional session ended.

ZTE did not immediately respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: johannes eisele, afp, getty images
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These 2 telecom stocks could be major winners from US-China trade war, Cramer says

After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” But you better believe neither Sweden nor Finland are pressuring their companies to spy on their customers.” “I prefer Nokia here, both because it’s too cheap here and becau


After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” But you better believe neither Sweden nor Finland are pressuring their companies to spy on their customers.” “I prefer Nokia here, both because it’s too cheap here and becau
These 2 telecom stocks could be major winners from US-China trade war, Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, cramer, uschina, nokia, ericsson, zte, win, think, stocks, winners, telecom, major, chinese, companies, war, 5g, trade


These 2 telecom stocks could be major winners from US-China trade war, Cramer says

After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday.

“These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive than what the Chinese can make. Sometimes I think a lot of people would say it’s even lower quality. Actually, I think the majority might say that. But you better believe neither Sweden nor Finland are pressuring their companies to spy on their customers.”

Cramer’s line of thinking stemmed from U.S. intelligence agencies’ crackdown on Chinese telecom players Huawei and ZTE, which have both been accused of having close relationships with the Chinese government and using their hardware to spy on U.S. consumers.

The flood of damaging news reports about the two companies — including stories about the White House considering an executive order to ban U.S. companies from purchasing their products and the criminal charges filed against Huawei’s chief financial officer — “hurts their ability to win new contracts,” Cramer explained.

“That’s where the opportunity comes in,” he said. “If you’re a telco carrier and you’ve been warned off of Huawei and ZTE, where are you going to go buy your 5G technology?”

Enter Nokia and Ericsson. After being “horrific underperformers” for years, their stocks have finally caught a two-pronged tailwind from their improving prospects in the 5G arena and the U.S. government’s China crackdown, the “Mad Money” host said.

Which stock wins out? Cramer thought both companies’ most recent earnings reports were solid, with Ericsson delivering strong sales and a bullish outlook for the year ahead and Nokia issuing good headline numbers. And even though Nokia’s stock dropped on what some saw as weak outlook for the first half of 2019, Cramer didn’t agree with the move.

“The truth is Nokia’s stock soared higher when Ericsson posted good numbers the week before, and stocks that run up into earnings tend to sell off even on strong numbers. Now, Nokia’s American shares are at $6.05, which, to me, is crazy,” he said. “I prefer Nokia here, both because it’s too cheap here and because it has a better portfolio of end-to-end solutions. I have not recommended Nokia since 1997.”

So while the U.S.-China trade dispute might be a hindrance to some industries, the global telecom space seems to be breathing a sigh of relief, Cramer concluded.

“For years, Nokia and Ericsson have been steamrolled by Huawei and ZTE. That’s over. Now, the U.S. government is doing everything it can to keep these companies out of 5G wireless, not just here, but worldwide, and that is a huge opportunity for Nokia and Ericsson,” he said. “I think they both work, although I do prefer Nokia, and I bet both stocks will get more attractive as our government keeps ratcheting up the pressure on well, our allies, to not use anything from these Chinese companies. Let’s be honest: convincing Europe to buy European? It isn’t really all that tough a sell.”


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, cramer, uschina, nokia, ericsson, zte, win, think, stocks, winners, telecom, major, chinese, companies, war, 5g, trade


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Huawei CEO Ren praises Trump, warns arrests could harm relationship

Huawei CEO Ren Zhengfei praised President Trump’s tax policies Tuesday while speaking in a rare public appearance before international media. Ren continued, saying that actions like “the detention of certain individuals” could have negative effects on U.S.-China relations. U.S. authorities allege that Meng and Huawei violated Iran sanctions and may have made illegal transactions with HSBC. Also,developed markets such as Australia and New Zealand have banned the use of Huawei products to build ne


Huawei CEO Ren Zhengfei praised President Trump’s tax policies Tuesday while speaking in a rare public appearance before international media. Ren continued, saying that actions like “the detention of certain individuals” could have negative effects on U.S.-China relations. U.S. authorities allege that Meng and Huawei violated Iran sanctions and may have made illegal transactions with HSBC. Also,developed markets such as Australia and New Zealand have banned the use of Huawei products to build ne
Huawei CEO Ren praises Trump, warns arrests could harm relationship Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: todd haselton, arjun kharpal, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, potential, harm, huawei, arrests, media, zte, warns, praises, ren, united, meng, president, individuals, ceo, trump, markets, relationship


Huawei CEO Ren praises Trump, warns arrests could harm relationship

Huawei CEO Ren Zhengfei praised President Trump’s tax policies Tuesday while speaking in a rare public appearance before international media. But he also hinted the U.S. might be scaring away potential investment through actions like the arrest of his daughter and Huawei’s CFO, Meng Wanzhou.

“For President Trump as a person, I still believe he is a great president in the sense that he was bold to slash taxes,

Ren said. “And I think that’s conducive for the development of industries in the United States.”

Ren continued, saying that actions like “the detention of certain individuals” could have negative effects on U.S.-China relations. Meng was arrested in Canada in December. U.S. authorities allege that Meng and Huawei violated Iran sanctions and may have made illegal transactions with HSBC. Authorities in the U.S. have until the end of January to file an extradition request.

“It’s also important to treat countries with potential investors nicely, so that those investments will come,” Ren said. “If countries or companies are getting frightened… by the detention of certain individuals, and then those potential individuals might be scared away, and that is definitely not in the interest of the United States.”

China is also detaining people, however. Since Meng’s arrest, 13 Canadian citizens have been detained by China, though at least eight have been released, according to Reuters.

Huawei has faced increased scrutiny in the U.S., which has advised consumers against buying Huawei-made phones over concerns they could be used to spy. Also,developed markets such as Australia and New Zealand have banned the use of Huawei products to build new faster 5G networks. Ren denied all allegations that Huawei spies for China and said he would refuse requests from the Chinese government if it asked for Huawei’s user data.

During the briefing, Ren said Huawei “might face challenges and difficulties in international markets,” and said that growth during the next year “would be less than 20 percent.” Another Chinese telecom company, ZTE, faced similar headwinds in 2018, but Ren assured the media that “what has happened to ZTE will not happen to Huawei.”

–CNBC’s Kate Fazzini contributed to this report.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: todd haselton, arjun kharpal, fabrice coffrini, afp, getty images
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White House considering new executive order to bar Huawei, ZTE purchases

President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE, two of China’s biggest network equipment companies, out of the U.S. market. The executive order would invoke the International Emergency Economic


President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters. It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE, two of China’s biggest network equipment companies, out of the U.S. market. The executive order would invoke the International Emergency Economic
White House considering new executive order to bar Huawei, ZTE purchases Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: aly song
Keywords: news, cnbc, companies, companies, executive, national, equipment, huawei, sources, considering, emergency, house, white, bar, commerce, zte, order, purchases


White House considering new executive order to bar Huawei, ZTE purchases

President Donald Trump is considering an executive order in the new year to declare a national emergency that would bar U.S. companies from using telecommunications equipment made by China’s Huawei and ZTE, three sources familiar with the situation told Reuters.

It would be the latest step by the Trump administration to cut Huawei Technologies and ZTE, two of China’s biggest network equipment companies, out of the U.S. market. The United States alleges that the two companies work at the behest of the Chinese government and that their equipment could be used to spy on Americans.

The executive order, which has been under consideration for more than eight months, could be issued as early as January and would direct the Commerce Department to block U.S. companies from buying equipment from foreign telecommunications makers that pose significant national security risks, sources from the telecoms industry and the administration said.

While the order is unlikely to name Huawei or ZTE, a source said it is expected that Commerce officials would interpret it as authorization to limit the spread of equipment made by the two companies. The sources said the text for the order has not been finalized.

The executive order would invoke the International Emergency Economic Powers Act, a law that gives the president the authority to regulate commerce in response to a national emergency that threatens the United States.

The issue has new urgency as U.S. wireless carriers look for partners as they prepare to adopt next generation 5G wireless networks.

The order follows the passage of a defense policy bill in August that barred the U.S. government itself from using Huawei and ZTE equipment.

Huawei and ZTE did not return requests for comment. Both in the past have denied allegations their products are used to spy.

The White House also did not return a request for comment.

The Wall Street Journal first reported in early May that the order was under consideration, but it was never issued.


Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: aly song
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Japan’s top three telcos to shun Huawei, ZTE network equipment: Kyodo

Last week sources told Reuters that Japan planned to ban government purchases of equipment from Huawei and ZTE to ensure strength in its defences against intelligence leaks and cyber attacks. A SoftBank Group Corp spokesman said Japan’s third-largest telco was closely watching government policy and is continuing to consider its options. Docomo does not use Huawei or ZTE network equipment, but it has partnered with Huawei on 5G trials. KDDI also does not use Huawei equipment in its “core” network


Last week sources told Reuters that Japan planned to ban government purchases of equipment from Huawei and ZTE to ensure strength in its defences against intelligence leaks and cyber attacks. A SoftBank Group Corp spokesman said Japan’s third-largest telco was closely watching government policy and is continuing to consider its options. Docomo does not use Huawei or ZTE network equipment, but it has partnered with Huawei on 5G trials. KDDI also does not use Huawei equipment in its “core” network
Japan’s top three telcos to shun Huawei, ZTE network equipment: Kyodo Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: johannes eisele, afp, getty images
Keywords: news, cnbc, companies, telcos, shun, softbank, kyodo, does, zte, huawei, japans, network, kddi, japanese, equipment, financial


Japan's top three telcos to shun Huawei, ZTE network equipment: Kyodo

Last week sources told Reuters that Japan planned to ban government purchases of equipment from Huawei and ZTE to ensure strength in its defences against intelligence leaks and cyber attacks.

A SoftBank Group Corp spokesman said Japan’s third-largest telco was closely watching government policy and is continuing to consider its options. The amount of equipment in use from Chinese makers “is relatively small”, he said.

The country’s top two telecommunications operators, NTT Docomo Inc and KDDI Corp, said the firms had not made any decision yet.

Docomo does not use Huawei or ZTE network equipment, but it has partnered with Huawei on 5G trials. KDDI also does not use Huawei equipment in its “core” network, a spokeswoman said, adding it does not use any ZTE network equipment.

Huawei did not respond to Reuters request for comment, while ZTE declined to comment.

Huawei has already been locked out of the U.S. market, and Australia and New Zealand have blocked it from building 5G networks amid concerns of its possible links with China’s government. Huawei has said Beijing has no influence over it.

Japan’s decision to keep it out would be another setback for Huawei, whose chief financial officer was recently arrested by Canadian officials for extradition to the United States.

World financial markets have been roiled since news of the arrest, on worries it could reignite a Sino-U.S. trade row that was only just showing signs of easing.

Shares of SoftBank, which has the deepest relationship with Huawei among the big Japanese telcos, fell the most among the three top Japanese telcos on Monday, ending down 3.5 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: johannes eisele, afp, getty images
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Huawei CFO arrest hits Asian tech stocks hard; broader markets sell-off as global rout continues

Technology stocks across the region were under pressure, including many Huawei partners and suppliers. Taiwan’s major tech names also struggled: Catcher Technology fell 9.89 percent, Taiwan Semiconductor was down 2.65 percent, Largan Precision lost 9.94 percent and iPhone assembler Hon Hai dropped 3.63 percent. “Huawei equipment is more widely used (than ZTE is) by carriers around the world, including in Europe and Africa,” they said. ZTE shares listed in Hong Kong were down 5.94 percent on the


Technology stocks across the region were under pressure, including many Huawei partners and suppliers. Taiwan’s major tech names also struggled: Catcher Technology fell 9.89 percent, Taiwan Semiconductor was down 2.65 percent, Largan Precision lost 9.94 percent and iPhone assembler Hon Hai dropped 3.63 percent. “Huawei equipment is more widely used (than ZTE is) by carriers around the world, including in Europe and Africa,” they said. ZTE shares listed in Hong Kong were down 5.94 percent on the
Huawei CFO arrest hits Asian tech stocks hard; broader markets sell-off as global rout continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: saheli roy choudhury, eustance huang, miguel candela, sopa images, lightrocket, getty images
Keywords: news, cnbc, companies, rout, continues, shares, stocks, fell, markets, hits, equipment, technology, major, tech, softbank, represents, selloff, hard, huawei, global, zte


Huawei CFO arrest hits Asian tech stocks hard; broader markets sell-off as global rout continues

Technology stocks across the region were under pressure, including many Huawei partners and suppliers.

Chipmaker Samsung tumbled 2.29 percent, Sunny Optical, which makes some of the lenses for Huawei phones, fell 5.47 percent and AAC Technologies declined 5.59 percent on the day. Chinasoft International, where Huawei is a strategic shareholder, dropped 11.71 percent.

Shares of Nikkei heavyweight SoftBank Group fell 4.93 percent. Last year, SoftBank and Huawei jointly demonstrated potential use of the next generation of high-speed mobile internet; SoftBank is taking its mobile unit public on Dec. 19.

The negative sentiment rippled through the broader Japanese tech sector, with shares of Tokyo Electron down 4.54 percent, Advantest falling 5.30 percent and TDK Corp dropping 6.64 percent.

Taiwan’s major tech names also struggled: Catcher Technology fell 9.89 percent, Taiwan Semiconductor was down 2.65 percent, Largan Precision lost 9.94 percent and iPhone assembler Hon Hai dropped 3.63 percent. Asia’s Apple suppliers, in general, saw Thursday declines.

Analysts at Jefferies pointed out that Huawei has a major global presence in various technology areas such as telecommunications equipment, semiconductors, smartphones and cloud computing. It also represents a major growth driver for many tech manufacturers.

Huawei’s Meng, who is the daughter of the company’s founder, faces extradition to the U.S., according to Canada’s Department of Justice.

While the arrest represents a new escalation in American efforts to hold Chinese companies accountable for violation of U.S. laws, it is likely to elicit an angry reaction from Beijing, according to Eurasia Group.

“The investigation of Huawei could be a prelude to further action against the firm and its senior officials,” the Eurasia Group analysts said, adding that if the U.S. places a sudden ban on Huawei equipment, like it did with ZTE, the impact would be much greater.

“Huawei equipment is more widely used (than ZTE is) by carriers around the world, including in Europe and Africa,” they said.

ZTE shares listed in Hong Kong were down 5.94 percent on the day.

Both Huawei and ZTE are restricted from selling telecoms equipment in the U.S. due to what the U.S. describes as national security concerns.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: saheli roy choudhury, eustance huang, miguel candela, sopa images, lightrocket, getty images
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Beijing-based VC firm says it’s adjusting strategy amid trade friction

A Beijing-based venture capital firm said it is adjusting its investment strategy amid a “hard reset” in the relationship between the U.S. and China. MSA Capital focuses on investments in the consumer internet, mobility, and life sciences sectors. It is invested in bike-sharing company Mobike and online food delivery-to-ticketing services platform Meituan Dianping. Harburg said the firm is now focusing on “things that would be developed organically, domestically and will have a lot less dependen


A Beijing-based venture capital firm said it is adjusting its investment strategy amid a “hard reset” in the relationship between the U.S. and China. MSA Capital focuses on investments in the consumer internet, mobility, and life sciences sectors. It is invested in bike-sharing company Mobike and online food delivery-to-ticketing services platform Meituan Dianping. Harburg said the firm is now focusing on “things that would be developed organically, domestically and will have a lot less dependen
Beijing-based VC firm says it’s adjusting strategy amid trade friction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: huileng tan
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Beijing-based VC firm says it's adjusting strategy amid trade friction

A Beijing-based venture capital firm said it is adjusting its investment strategy amid a “hard reset” in the relationship between the U.S. and China.

“Certainly, events like the banning of selling components to ZTE and some of the discussions around displacing a lot of higher-end manufacturing supply chain out of China will certainly cause us to continue to work to develop native industries,” said Ben Harburg, managing partner of MSA Capital, a Beijing-based venture capital firm with over $1.5 billion under management.

MSA Capital focuses on investments in the consumer internet, mobility, and life sciences sectors. It is invested in bike-sharing company Mobike and online food delivery-to-ticketing services platform Meituan Dianping.

Harburg said the firm is now focusing on “things that would be developed organically, domestically and will have a lot less dependence on U.S. inputs.” He was peaking at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: huileng tan
Keywords: news, cnbc, companies, capital, west, china, zte, vc, firm, work, things, adjusting, lot, friction, beijingbased, amid, trade, strategy, venture


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Spy agency chief addresses ban on Chinese telecoms in Australia’s 5G rollout

But the distinction between core and edge collapses in 5G networks – that means that a potential threat anywhere in the network will be a threat to the whole network.” China’s Huawei and ZTE were banned from providing 5G technology equipment to Australia in August. Chinese smartphone manufacturers such as Huawei and ZTE are subject to legislation that requires citizens and businesses to cooperate with Chinese intelligence authorities. Federal Communications Commission Chairman Ajit Pai told CNBC


But the distinction between core and edge collapses in 5G networks – that means that a potential threat anywhere in the network will be a threat to the whole network.” China’s Huawei and ZTE were banned from providing 5G technology equipment to Australia in August. Chinese smartphone manufacturers such as Huawei and ZTE are subject to legislation that requires citizens and businesses to cooperate with Chinese intelligence authorities. Federal Communications Commission Chairman Ajit Pai told CNBC
Spy agency chief addresses ban on Chinese telecoms in Australia’s 5G rollout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: chloe taylor, miquel benitez, getty images
Keywords: news, cnbc, companies, subject, telecoms, technology, communications, chinese, addresses, potential, ban, agency, threat, 5g, spy, australias, rollout, huawei, chief, zte, networks, australian


Spy agency chief addresses ban on Chinese telecoms in Australia's 5G rollout

“5G technology will underpin the communications that Australians rely on every day, from our health systems and the potential applications of remote surgery, to self-driving cars and through to the operation of our power and water supply. The stakes could not be higher,” Burgess said.

“Historically, we have protected the sensitive information and functions at the core of our telecommunications networks by confining our high-risk vendors to the edge of our networks. But the distinction between core and edge collapses in 5G networks – that means that a potential threat anywhere in the network will be a threat to the whole network.”

China’s Huawei and ZTE were banned from providing 5G technology equipment to Australia in August.

Australia’s government said at the time that it could not involve firms that were “subject to extrajudicial directions from a foreign government that conflict with Australian law” in its national 5G rollout.

Chinese smartphone manufacturers such as Huawei and ZTE are subject to legislation that requires citizens and businesses to cooperate with Chinese intelligence authorities.

Following the ban, Huawei criticised the Australian government, claiming the decision was politically motivated.

“It is not aligned with the long-term interests of the Australian people, and denies Australian businesses and consumers the right to choose from the best communications technology available,” Huawei said in an emailed statement to CNBC.

5G mobile internet is widely predicted to revolutionise cities and future technologies such as autonomous vehicles, with many countries preparing for rollouts within the next few years.

However, adoption could be slowed by legislative red tape according to some experts. Federal Communications Commission Chairman Ajit Pai told CNBC’s “Squawk on the Street” last month that regulation was holding back U.S. 5G deployment.

Huawei and ZTE are already prohibited from selling telecoms equipment in the U.S. due to national security concerns.


Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: chloe taylor, miquel benitez, getty images
Keywords: news, cnbc, companies, subject, telecoms, technology, communications, chinese, addresses, potential, ban, agency, threat, 5g, spy, australias, rollout, huawei, chief, zte, networks, australian


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