Huawei may be one of China’s most global companies – with more than 180,000 employees in more than 170 countries running a telecommunications that generates more than $100 billion annually – but it still has elements of a family firm.
Huawei Technologies Co Ltd [HWT.UL] says it has started making 5G base stations without US components and that total production of 5G base stations should more than double in 2020 as more countries introduce the technology.
Norway does not plan to block China’s Huawei Technologies from building the country’s 5G telecoms network, cabinet minister Nikolai Astrup told Reuters, a decision that puts it at odds with NATO ally the United States.
Chinese technology giant Huawei said on Friday the impact of US trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit’s revenue lower by about $10 billion in 2019.
The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.