Huawei decides to abandon U.S. market following strained relations with govt.

Image
ANI Washington
Last Updated : Dec 03 2013 | 11:00 AM IST

Chinese telecom gear maker Huawei has reportedly decided to abandon the United States market following strained relations with the U.S. government.

Huawei CEO Ren Zhengfei said that the company does not want to stay in the middle of US-China relations, Cnet reports.

However, he has not specified any timeline for Huawei pulling out of the U.S. market.

The relationship between Huawei and the White House has been strained since the U.S. House Intelligence Committee issued a letter to Huawei stating concerns over its connections and ties to the Chinese military and government for attempting to breach their networks through its telecom intermediaries.

However, Huawei has repeatedly maintained that it is not involved in any sort of cyberspying.

Huawei also issued a statement in April that there would be no growth margin for the company in the U.S. market in 2013 following U.S. cautioning consumers when using or purchasing Huawei equipment.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 03 2013 | 10:56 AM IST

Next Story