DealBook Briefing: Trump Gives Huawei a Breather. Sort of. - News Summed Up

DealBook Briefing: Trump Gives Huawei a Breather. Sort of.


Huawei issue highlights a U.S. policy problemOver the weekend in Japan, President Trump appeared to choose trade over national security when he suspended a ban on U.S. companies’ selling products to Huawei, in a bid to hasten a trade deal with China. The Chinese tech company had faced a future where supplies of chips and software for its products — from smartphones for consumers to networking gear for telcos — ran dry. • That serves as a reminder that the U.S. lacks a meaningful strategy to lead the world in 5G. • “No American company makes the devices that transmit high-speed wireless signals. Huawei is the clear leader in the field; the Swedish company Ericsson is a distant second; and the Finnish company Nokia is third.”


Source: International New York Times July 01, 2019 10:30 UTC



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