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Huawei, the Chinese manufacturer targeted by a Trump administration trade ban, is expected to dismiss a substantial number of people in the US in the coming weeks.
The number of individuals affected remains unclear but the layoffs, at the telecoms kit maker's US R&D subsidiary, Futurewei Technologies, could affect hundreds of workers in California, Texas, and Washington, according to The Wall Street Journal. Futurewei currently employs more than 800 people in the US.
On May 16, the beleaguered manufacturer, along with 68 of its affiliates, was placed on the US Commerce Department's Entity List, which forbids companies subject to US law from doing business with the firm without special permission from the US government.
Four days later, Huawei was given a 90-day General License so that its customers have time to make deals with new suppliers. When the General License expires on August 19, the ban will go into effect unless circumstances change.
US officials believe Huawei cannot be trusted because the company cannot resist demands by the Chinese government to compromise its equipment to assist with state-sponsored spying. No public evidence of this has been presented.
[...] Layoffs would be consistent with the broader financial impact of the pending Huawei trade ban. In June, at an event at Huawei headquarters in Shenzhen, China, company founder and CEO Ren Zhengfei, predicted the telecom firm's revenue will reach only about $100bn in 2019 and 2020, about $30bn less than previously anticipated in the next two years. But he said the company will emerge stronger by 2021.
(Score: 0) by Anonymous Coward on Thursday July 18 2019, @05:22PM (2 children)
Europe should buy from Nokia, MikroTik, AVM, Alcatel-Lucent Enterprise, Cerio, and Ericson.
Anything else is dumb. Buying from other parts of NATO is however a bit less dumb than buying from non-NATO. Canada and the USA thus beat China and Russia.
(Score: 2) by HiThere on Thursday July 18 2019, @05:28PM (1 child)
You've got a narrow focus, though I essentially agree with you. It's almost always better for a government to support its local industries. The questions are "how?" and "how much?". For anything deemed "strategic" the answers should be different than for those deemed non-strategic, but even fashions are of some value.
Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
(Score: 2) by legont on Friday July 19 2019, @01:31AM
The answer is "all the way".
https://en.wikipedia.org/wiki/A_Plan_of_the_English_Commerce [wikipedia.org]
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.