Huawei to Spend $2 Bln over 5 Years in Cybersecurity Push

Huawei to Spend $2 Bln over 5 Years in Cybersecurity Push

Huawei to Spend $2 Bln over 5 Years in Cybersecurity Push

Hu says there is no evidence that implicates Huawei's equipment to be a security threat. If Huawei were allowed to compete in the USA for 5G deployment from 2017 to 2020, around US$20 billion of capital expenditure in wireless infrastructure would be saved, according to some economists.

Huawei, founded in 1987 by a former military engineer, rejects accusations that it is controlled by the ruling Communist Party or designs equipment to facilitate eavesdropping.

Jay Chen, CEO of Huawei India told Business Standard that the rollout of 5G will require a global supply chain in which all equipment and software, irrespective of origin, will have to incorporate in-built securities based on standards laid down by the special group - Third Generation Partnership Project (3GPP), set up for this goal.

Following the arrest of Meng in Canada, the Chinese government then arrested two Canadians on national security concerns, and thus Hu was questioned whether this was in direct retaliation.

Although Huawei has not been able to sell equipment or smartphones to the major wireless network operators in the United States, a large number of small and regional wireless network operators do use equipment from Huawei.

"Canadians understand that even though political posturing might be satisfactory in the short term to make yourself. feel like you're stomping on a table and doing something significant, it may not directly contribute to the outcome we all want, which is for these Canadians to come home safely". While Alibaba Group Holding Ltd. and Tencent Holdings Ltd. dominate headlines thanks to flashy growth and high-profile billionaire founders, Ren's company is by far China's most global technology company, with operations spanning Africa, Europe and Asia.

The Canadian government has said several times it saw no explicit link between the arrest of Meng, the daughter of Huawei's founder, and the detentions of Kovrig and Spavor. Hu said he wouldn't comment on something that hasn't yet happened, but stressed that Huawei has spent years diversifying a supply chain that today spans 13,000 partners and involves more than $70 billion of procurement annually.

December 11: In the morning, Kelly Craft, the US ambassador to Canada, tells reporters it is "absolutely false" to assume a political motive behind the Meng's arrest.

"There are no laws or regulations in China to compel Huawei, or any other company, to install "mandatory back doors", he said, a reference to USA warnings that Huawei's network gear could contain "back doors" that would allow Chinese spies to hack into critical network infrastructure. President Donald Trump restored access after ZTE paid a $1 billion fine, replaced its executives and hired USA -selected compliance managers. "Huawei's record is clean". It operates in 170 countries and dominates developing markets in Asia, Africa and Latin America.

Telecom giant Huawei is set to invest $2 billion in cybersecurity over the next five years as part of its efforts to ease security concerns, the state-owned China Daily reported on Wednesday.

"We know there're concerns so we're willing to take the extra steps needed or go the extra mile versus our peers", Hu said.

"Huawei has never received any such request from any government and we would never agree to it", the spokesman said. In our most recent board meeting, we decided on a companywide transformation program to improve our software engineering capabilities.

Tuesday's event for reporters included tours of two research-and-development laboratories at Huawei's headquarters in Shenzhen, which abuts Hong Kong, and a cybersecurity testing center at a newly built campus in Dongguan, an hour's drive to the west.

Another major carrier, China Unicom is also prepared for full-scale deployment of its 5G network after receiving approval for use of its frequency band, the company said in a statement to the Global Times.

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