Huawei’s position looks promising with potential licenses underway for US companies
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Trump has placed Huawei on the Commerce Department’s “entity list” for national security reasons. Huawei has repeatedly stated that the US claims are not based on any proven evidence. Entities on the list are prohibited from purchasing American software and components without being granted a U.S. government license. Trump has promised in June to provide some facilities to companies that deal with Huawei.
Ross’s latest statements come shortly after Huawei announced its business results for the third quarter of 2019. During the first three quarters of this year, Huawei global revenues increased by 24.4% year-on-year, underlining that its business growth and technology development path was unaffected by the US ban.
The company is committed to providing state-of-the-art innovations in new fields such as artificial intelligence and cloud computing, which will have a major impact in advancing the future development of many sectors and industries. This will also contribute the building of digital economies, smarter cities, and improving the efficiency of organizations in the future.
By the end of Q3 2019, more than 700 cities, 228 Fortune Global 500 companies, and 58 Fortune Global 100 companies had selected Huawei as their partner for digital transformation.
Questions & Answers
Q.Why was Huawei placed on the Commerce Department’s “entity list”?
Why was Huawei placed on the Commerce Department’s “entity list”?
Huawei was added to the entity list by Trump due to national security reasons. This action prohibits entities on the list from purchasing American software and components without a US government license.
Q.How has the US ban impacted Huawei's business growth and technology development?
How has the US ban impacted Huawei's business growth and technology development?
The article states that Huawei's business growth and technology development path was unaffected by the US ban. Global revenues increased by 24.4% year-on-year during the first three quarters of 2019.
Q.What is Huawei's current focus for innovation and future development?
What is Huawei's current focus for innovation and future development?
Huawei is committed to providing state-of-the-art innovations in new fields like artificial intelligence and cloud computing. These are expected to advance the future development of many sectors and industries.
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