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

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

By Akshay Kedari

After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

By Akshay Kedari

GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

By Akshay Kedari

Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...

White House to spend USD 3 billion on EV battery manufacturing in U.S.

White House to spend USD 3 billion on EV battery manufacturing in U.S.

By Akshay Kedari

According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

By Akshay Kedari

Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...