financetom
Technology
financetom
/
Technology
/
Huawei chairman hits out at US politicians over university funding
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Huawei chairman hits out at US politicians over university funding
Jun 28, 2018 8:21 AM

The chairman of China's Huawei Technologies Co Ltd has hit back at several US lawmakers who claimed the firm's research funding to over 50 American universities posed a "significant threat" to national security.

Huawei is the world's largest maker of telecommunication network equipment and third-largest smartphone maker. It is a private company but has found itself battling perceptions of ties to the Chinese government, which it has repeatedly denied.

Last week, US congressmen Marco Rubio and Jim Banks wrote a bipartisan open letter about Huawei on behalf of 24 Democratic and Republican lawmakers to education secretary Betsy DeVos. In the letter, they said the Huawei Innovation Research Programme posed a "significant threat to national security" by allowing China to effectively lift research from the United States.

The lawmakers said such programmes were a core part of "China's toolkit for foreign technology acquisition".

In response, Eric Xu, Huawei's rotating chairman, called Rubio and Banks "closed-minded and ill-informed".

"It seems that their bodies are in the information age but their minds are still in the agrarian age," said Xu, according to a transcript of Xu's remarks made late on Wednesday on the sidelines of the Mobile World Congress in Shanghai.

"Their behaviour shows not just an ignorance of how science and innovation works today, but also their own lack of confidence" in the US' competitiveness, he said, in the transcript provided by Huawei.

The US lawmakers, who did not call for an end to such research funding, asked the education secretary to investigate how China attempts to gather technology from US campuses so as to protect the country's technology advantage.

The letter represents the latest difficulty Huawei has faced operating in the United States. Last week, some Republican and Democratic US lawmakers, including Rubio, asked Alphabet Inc's Google to reconsider working with Huawei, which they described as a security threat.

Earlier this year, a deal with US telecom firm AT&T Inc to sell its smartphones in the United States collapsed at the 11th hour due to security concerns.

The company has come under similar scrutiny elsewhere. Earlier this month, Huawei Australia's chairman, John Lord, penned a public letter refuting Australian claims that the firm posed a risk, as Australia is likely to ban Huawei from participating in the country's introduction of fifth-generation mobile telecommunications due to security fears.

On Wednesday, Lord said banning Huawei would be "a great policy failure" for Australia as accusations of Chinese government interference were groundless.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Evaluating Itron: Insights From 10 Financial Analysts
Evaluating Itron: Insights From 10 Financial Analysts
Aug 25, 2024
Analysts' ratings for Itron ( ITRI ) over the last quarter vary from bullish to bearish, as provided by 10 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 3 0 0 Last 30D...
Semiconductor veteran Lip-Bu Tan exits Intel's board, Bloomberg News reports
Semiconductor veteran Lip-Bu Tan exits Intel's board, Bloomberg News reports
Aug 25, 2024
Aug 22 (Reuters) - Intel's ( INTC ) director Lip-Bu Tan, a semiconductor industry veteran brought in two years ago to help with the chipmaker's comeback effort, is stepping down from its board, Bloomberg News reported on Thursday, citing people familiar with the situation. Shares of the company were last down 4.8% in late-afternoon trading. The news of Tan's departure...
A Closer Look at 10 Analyst Recommendations For Monolithic Power Systems
A Closer Look at 10 Analyst Recommendations For Monolithic Power Systems
Aug 25, 2024
Across the recent three months, 10 analysts have shared their insights on Monolithic Power Systems ( MPWR ) , expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent...
Dell Technologies Options Trading: A Deep Dive into Market Sentiment
Dell Technologies Options Trading: A Deep Dive into Market Sentiment
Aug 25, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Dell Technologies ( DELL ). Looking at options history for Dell Technologies ( DELL ) we detected 21 trades. If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 28% with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved