Huawei Reported Stronger Growth in Sales and Next-Generation 5G Network Despite US Ban

Huawei Reported Stronger Growth in Sales and Next-Generation 5G Network Despite US Ban

Business

Huawei, the Chinese telecommunication giant, may experience closer official inquiry in Europe between the U.S. claims that the company poses a security threat. On the other hand, mobile network companies in the state are still standing in line to purchase Huawei equipment for their upcoming 5G networks. So far, the Chinese tech giant has signed 65 commercial agreements. Out of that, half of the companies are European customers developing ultra-fast next-generation 5G networks. Head of Huawei’s 5G business Yang Chaobin said it reveals European clients’ long-term and uniform trust in Huawei. The executive noted they are extremely grateful for the trust those commercial customers have shown in this difficult time.

Apart from this, many operators, including Switzerland’s Sunrise, have reacted positively to the company. Even more, Sunrise has linked a ski resort, a soccer stadium, and farms to next-generation 5G networks powered by Huawei. Germany, the largest economy of Europe, has just released a proposed set of rules on the next-generation network that hinders pointing out China or Huawei as dangers. Instead of that, it is requiring all operators and vendors to team up and has common criteria. Whereas, Britain is still speculating whether to follow the National Security Council and impose a ban on Huawei.

It seems like Germany is opposing US pressure to prohibit the Chinese tech giant from its 5G networks. Even more, Germany is saying that it will not obstruct any supplier for the high-speed next-gen mobile networks on an up-front basis. According to the statement of a government representative, they are not taking a proactive decision to ban any company or business. The Trump administration has imposed its own export controls on Huawei in May.

Notably, the increasing tension between the U.S. and China has imposed serious damage to Huawei’s business of making and selling smartphones. But Yang noted the company has assorted its supplier base to entirely meet customer needs for its network even without American components. Even more, he has expressed confidence in the industry standards-setting, calling it a mutual effort involving the participation of all players in the mobile ecosystem. In the end, Huawei continues to stand strong-enough despite facing the U.S. ban.