Huawei to reportedly move its U.S. research center to Canada

By Akshay Kedari  | Date: 2019-12-03

Huawei to reportedly move its U.S. research center to Canada

 

  • The U.S. plans to stop more foreign shipments to Huawei
  • Huawei will be manufacturing some 5G equipment outside China

The founder of Chinese communications giant Huawei Technologies has indicated that the company is planning to move its research center from the United States to Canada.

According to reliable sources, the decision was made after it was reported that United States had been contemplating expanding its power to be able to stop further foreign shipments of U.S technology-based products to the Chinese telecom equipment maker. The U.S. Commerce Department had reportedly blacklisted Huawei in May on the basis of national security concerns.

Ren Zhengfei, founder of Huawei Technologies, stated that the company’s center for research and development shall be relocated to Canada. He further added that the company will be manufacturing some 5G mobile network equipment outside China.

Zhengfei has been aiming to build new factories in Europe wherein they will develop fifth-generation (5G) networking equipment. This may assuage the fears that have stemmed from the U.S. allegations regarding its products that could be used for spying by China. The company has denied all such allegations and assured that it’s not a risk to the national security of the U.S.

Apparently, the firm had spent $510 million for its operations on the U.S. research unit in the previous year. The company has now laid off 600 workers to bring the number to nearly 250.

Chief Financial Officer of Huawei, Meng Wanzhou happens to be Ren’s daughter who got arrested by the Canadian Police the previous year on the basis of a warrant issued by the U.S. She has been fighting extradition to the United States for charges of having violated sanctions against Iran and has been out on bail. Huawei has denied all the charges and China has reportedly requested Canada for her release.

Ren further commented on the matter and said that this was an example of the obvious pollical interference coming from the United States. A Chinese envoy has been sent to Canada to visit the detained CFO of the company and file a request to correct a mistake.

 

Source Credit- https://www.nasdaq.com/articles/huawei-plans-to-shift-research-center-to-canada-from-u.s.-globe-and-mail-2019-12-02

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

By Akshay Kedari

Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. The deal, worth USD 60.78 million, is expected to b...

ADB and Indonesia team up on coal power plant retirement contract

ADB and Indonesia team up on coal power plant retirement contract

By Akshay Kedari

The Asian Development Bank and Indonesia, along with a private power company announced partnering to refinance and retire a coal-fired power plant under a groundbreaking carbon emissions reduction program. According to reliable sources, West Java&...