Items tagged with trump administration

The rollercoaster ride for Huawei continues. Earlier this week, we reported that Google was the first to pull the rug from under the Chinese smartphone powerhouse following guidance from the Trump Administration. Under new rules, without a license, Huawei's future devices would not have access to the Android OS, Android updates, the Google Play Store, or first-party Google apps. Yesterday, other American companies -- including Intel, Qualcomm and Broadcom -- piled on by suspending business operations with Huawei. Today, it appears that Huawei has been given a temporary reprieve thanks to the U.S. Commerce Department granting Huawei a new 90-day license to give mobile phone... Read more...
The U.S. government's war on Huawei – which has risen to become the world’s second-largest smartphone OEM -- has just taken a rather interesting turn. According to a report out this afternoon, Google has suspended its business operations with Huawei following the Trump Administration's recent move to add the Chinese-based company to a trade blacklist.  In effect, U.S. companies are now forbidden from working with Huawei over fears that it is in cahoots with the Chinese government to spy on U.S. interests and its allies (both in the consumer sector and in government operations). According to a Reuters report, Huawei will "immediately lose" access... Read more...
After being arrested on Saturday, Huawei CFO Meng Wanzhou is still awaiting extradition to the United States. At the time no formal charges had been disclosed, but a bail hearing held in Vancouver revealed that Meng Wanzhou has been charged with fraud and violating US sanctions against Iran. The scandal revolves around a small company called Skycom Tech that is located in Hong Kong. According to John Gibb-Carsley, a lawyer working for Canada's Justice Department, Skycom has operated as an unofficial subsidiary of Huawei for several years. The two companies have attempted to hide their relationship from the public, but internally the company is clearly a part of Huawei as employees have Huawei... Read more...
Huawei's CFO Meng Wanzhou has been arrested in Canada and faces extradition to the United States. The charges levied against her haven't been revealed at this time, but Meng Wanzhou's arrest has already had staggering effects on stock exchanges around the world. In addition to being Huawei's CFO, Meng Wanzhou serves as the deputy chairwoman of Huawei's board, and she is the daughter of Huawei's founder Ren Zhengfei. Meng Wanzhou was in Canada on a layover when she was apprehended by Canadian police. A publication ban has prevented the Canadian Justice Department from sharing additional details about why she was arrested, but a law enforcement official indicated that she was wanted as part of... Read more...