Tuesday, May 21, 2019

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firmThe U.S. Commerce Department will allow Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets. The U.S. government said it imposed the restrictions because of Huawei's involvement in activities contrary to national security or foreign policy interests. The new authorization is intended to give telecommunications operators that rely on Huawei equipment time to make other arrangements, U.S. Secretary of Commerce Wilbur Ross said in a statement on Monday.




from Yahoo News - Latest News & Headlines https://yhoo.it/2QjryQQ

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