Gardai to probe spy risks linked to Huawei 5G mobile networks

U.S. can't compete with Huawei says company executive

Chinese telecoms giant Huawei said revenues topped US$ 100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat.

Mr Song was speaking at a press conference on the release of Huawei's annual report, along with other top executives. He noted the company has promised to invest $2 billion over five years to improve its software engineering and expressed confidence British regulators will "increase their confidence" in Huawei over time. No doubt, it is really good news for Huawei.

Profit rose 25.1 percent to 59.3 billion yuan ($8.6 billion).

At a press conference on Friday, rotating chairman Guo Ping said the decline was mainly because the company upped investments in research and development a year ago.

The company said overall revenue grew 19.5 percent while its consumer business surged 45 percent. "Australia has also banned the use of the company's equipment in its next-generation network, while the European Union will leave the decision up to its individual member states". A recent Digital Journal article discusses the risks of Huawei technology.

"I hope the USA can adjust its attitude", Guo said at a press briefing that was attended by more than 100 journalists from across the world.

Huawei hit back earlier this month by filing suit in the United States to overturn a law that bars U.S. government agencies from buying the company's equipment, services, or working with third parties that are Huawei customers, crippling the company in the lucrative USA market.

They are bugs, not feature - these are the findings of a UK-based cybersecurity oversight institution about the security vulnerability of products of Huawei, the second largest smartphone manufacturer of the World.

"Throughout this process, Huawei will continue to strictly comply with all relevant standards to build secure, trustworthy, and high-quality products", continued Ping.

"Spying would be equal to suicide", said Song Liuping, Huawei's chief legal officer. This combined with all the unverified talk that its products contain back doors ready to be a conduit for secret information sent to Beijing, and watching how USA official is trying to get allies to not use its 5G network solutions has Huawei's executives ready to fight.

In its cloud business, Huawei launched 160 cloud services and 140 solutions and worked with its partners to serve customers worldwide with 40 availability zones across 23 regions.

Related:

Comments

Latest news

President Trump urges Congress to fix loopholes in immigration system
CBP expected March to be the highest month for encounters at the southern border in a decade, according to McAleenan. Closing the border would effectively halt all trade between the two North American countries.

Opposition looks set to win Ankara after 16 years
Erdogan's own ascent to power began there in 1994. "In Istanbul , the majority of the districts are either ours or head-to-head". The government had led a hostile campaign against Yavas and his party, accusing him of forgery and tax evasion.

Elder Scrolls Blades early access has begun on iOS and Android
The Elder Scrolls Blades early access now supports six languages: English, French, Italian, German, Spanish, and Russian. While not quite a full-fat Elder Scrolls RPG, Blades boasts an impressive presentation and breadth of content.

Palestinians mass at Gaza border to mark protest anniversary
The Israeli army, which put the number of protesters at 40,000, accused participants of throwing rocks and setting tires on fire. At least 50 Palestinian children have been killed in Gaza since the protests began, charity Save the Children said.

Other news