By ELAINE KURTENBACH AP Business Writer BEIJING (AP) — The Department of Commerce has proposed requiring case-by-case approvals of all purchases of telecommunications equipment in a move likely to hit major Chinese suppliers like Huawei. The plan issued Tuesday follows President Donald Trump’s order in May declaring a national emergency and restricting purchases by U.S. […]
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By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington. The Mate X, which unfolds to 14.6 centimeters (5.8 inches) wide, went on sale Friday on Huawei’s online store in China priced at 16,999 […]
By TAMI ABDOLLAH Associated Press WASHINGTON (AP) — Chinese hackers with a history of state-sponsored espionage have intercepted the text messages of thousands of foreigners in a targeted campaign that planted eavesdropping software on a telecommunications provider’s servers, a cybersecurity firm said. FireEye said in a report issued on Thursday that the hackers belong to […]
By JOE McDONALD AP Business Writer SHENZHEN, China (AP) — For decades, Huawei’s founder stayed out of sight as it grew to become the biggest maker of network gear for phone carriers and passed Apple as the No. 2 smartphone brand. Now, Ren Zhengfei is shedding that anonymity as China’s first global tech brand mobilizes […]
BUDAPEST, Hungary (AP) — Hungary’s foreign minister says China’s Huawei will take part in the construction of the country’s next-generation 5G wireless network. Peter Szijjarto said Tuesday in Shanghai, China, that Huawei will be cooperating with Britain’s Vodafone and Germany’s Deutsche Telekom in the project. He added that Hungary does not discriminate between companies based […]
By KELVIN CHAN AP Business Writer LONDON (AP) — The European Union warned Wednesday that next-generation telecommunication networks face a range of cyber threats, including from hostile countries. While steering clear of singling out Chinese tech company Huawei, an EU security risk assessment identified “states or state-backed actors” as the most serious and likely culprits […]
SEOUL, South Korea (AP) — Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips. The South Korean technology giant reported an operating profit of 7.78 trillion won ($6.7 billion) for the […]