As U.S. trade tensions with China deteriorate into a struggle over future technological supremacy, Chinese tech companies have become targets. Many Chinese firms faced a sudden ban on buying high-end technological components made in the U.S. This pressure is causing these companies to rethink their global strategies.
Huawei, the largest telecommunications manufacturer in the world, was thrust into the spotlight of the US-China trade tensions despite its limited market share in the United States. Andy Purdy, Chief Security Officer at Huawei Technologies USA, shared in a recent Bloomberg Businessweek Podcast interview that Huawei’s global revenues for 2021 was down by 28%. As a leading company in 5G and 5G mobile devices, Huawei is open to collaborate with governments and corporations all over the world despite the continued ban in the US. In fact, this ongoing pressure leaves the company with few other options than to seek out international cooperation: “I certainly do not think we will be welcome back to the US anytime soon,” Purdy said.
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