Chinese telecommunications equipment vendor Huawei Technology has expressed its willingness to sell its 5G technology to a Western company and allow the latter to develop it as it wished, while the Chinese firm continued on its own chosen path.
Chinese telecommunications equipment vendor Huawei Technologies is reportedly planning to lay off a large number of staff from its operations in the US due to its being placed on Washington;'s Entity List which prevents it from using American components unless specific permission is granted.
Chinese telecommunications equipment provider Huawei Technologies says it will suffer a drop of US$25 billion in projected revenue over the next two years, compared to its earlier forecasts, due to the American Government's actions against it.
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