Huawei, the Chinese technology and telecoms group hit by U.S. sanctions, said on...
BERLIN - Huawei, the Chinese technology and telecoms group hit by U.S. sanctions, said on Monday it was confident of meeting the security requirements that Germany is setting for its fifth-generation mobile networks.
Germany has just completed a 6.5 billion euro auction of 5G spectrum that can, for example, run “smart” factories, setting the stage for Huawei and rivals Ericsson and Nokia to vie for billions in deals. That measure has forced key Western suppliers, such as UK-based chip designer ARM, to curb deliveries and led Huawei’s founder, Ren Zhengfei, to warn that revenue could take a $30 billion hit this year as a result.In Germany, Europe’s largest economy, the government and regulators have, after lengthy debate, spurned U.S. calls to banish Huawei on national security grounds.
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