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Huawei could shift away from Western countries if it continues to face restrictions
Huawei is facing restrictions by several Western governments, amid heightened concerns that its products could be used for spying.
The chairman of Chinese tech giant Huawei has warned that his company could shift away from Western countries if it continues to face restrictions.
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Now at the World Economic Forum (WEF) in Davos, Chairman Liang Hua told journalists that should Huawei face further obstacles in certain countries, it could move its investments to somewhere “where we are welcomed.”
“We would transfer the technology partnership to countries where we are welcomed and where we can have collaboration with,” written by BBC.
Additionally, China could completely cut investment into the Silicon Valley, according to the former deputy governor of the People’s Bank of China.
“The psychology has really changed, because technical war is a most interconnected war, (with) U.S. capital moving everywhere and Chinese capital moving everywhere,” Zhu Min told CNBC on Tuesday.
But “I can tell you, after the Huawei events, all the Chinese money into Silicon Valley stops. And no U.S. money will want to invest into China either,” he added.
Huawei makes smartphones but is also a world leader in telecoms infrastructure, in particular, the next generation of mobile phone networks, known as 5G.
But concerns about the security of its technology have intensified in recent weeks, particularly in the US, Canada, Germany, UK, and Australia.