You are here: Home » PTI Stories » National » News
Business Standard

China's Huawei says to keep investing in US despite setback

AP  |  Shenzhen 

Chinese says it will continue to invest in the despite recent setbacks in its efforts to boost sales there.

Xu Qingsong, also known as Jim Xu, Huawei's head of sales and marketing, told reporters in he was "confident" sales would triple this year in the U.S. from last year.

reports in January said appeared to be on the verge of cracking the lucrative American market when it signed a deal with AT&T, but the agreement fell through under pressure.

In the past, Huawei officials have rejected U.S. security complaints as politically motivated or possibly an attempt by competitors to keep it out of the market.

"I don't know why they're so nervous," Xu said Tuesday, referring to the U.S. "They're too nervous." Huawei sells some models in U.S. and online but has a minimal share of an American market in which most sales are through carriers. Globally, the company trails and in handset shipments but leads in China, the biggest market, and says it expects to ship a total of 150 million this year.

Huawei, the world's biggest maker of network gear used by phone companies, suffered earlier setbacks in the American market when a congressional report in October 2013 said it was a security risk and warned telecom carriers not to use its equipment.

More recently, a new global struggle for influence over next-generation "5G" has brought Huawei under increasing scrutiny by the Many American officials are concerned that Chinese companies such as Huawei could take a larger, or even a dominant, role in setting technology and standards and practices.

Kevin Ho, of Huawei's handset product line, said they'll instead focus on and developing markets in Asia, especially India, where Huawei sees opportunities to expand the Shenzhen-based company's market share.

"There are still some big countries where our market share is very, very low," Ho said. "This is a hint of where we can raise our market share globally." On Tuesday, U.S. blocked chipmaker from pursuing a hostile takeover of prominent U.S. rival Qualcomm, a deal which officials believed could have hobbled the U.S.'s ability to make a quick transition to

When asked about the blocked deal, Xu declined to comment.

Separately, lawmakers in the introduced a bill on Jan. 9 that would prohibit government purchases of from and smaller rival ZTE, citing their ties to the and backing from the ruling

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 20:50 IST