Displaying items by tag: Huawei

Engineers from the Chinese telecommunications equipment vendor Huawei Technologies are leading a bid to build an alternative global network to the Internet, and presented a proposal for what is called New IP to delegates from about 40 countries in Geneva last September, London's Financial Times claims.

American officials have agreed on three measures to prevent China from obtaining US technology that can be diverted for use in the military, a report claims, adding that the only step remaining for these curbs to take effect is for US President Donald Trump to sign them into law.

Chinese telecommunications equipment vendor Huawei Technologies has reported revenue of 858.8 billion Chinese yuan (US$121 billion) for the full-year 2019, a rise of 19.1% year-on-year, with profit of 62.7 billion Chinese yuan (US$8.8 billion). This was its lowest annual profit growth in three years, announced as the company warned that China would hit back against US measures that have got in the way of its progress.