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Huawei Not Heeding U.S. Call for Divestiture

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Feb 15, 2011, 1:54 AM   by Eric M. Zeman

Huawei has declined to voluntarily divest 3Leaf, a server technology company that it bought last year for $10 million. The Committee on Foreign Investment in the United States (CFIUS) has decided that the purchase is questionable given Huawei's ties to the Chinese government. Huawei will instead wait for a presidential decree -- which is the next step in the review process -- before taking action. "We would welcome a transparent national security agreement that would allow the U.S. government full visibility into all aspects of our operations, employees and facilities in the United States," said Huawei spokesperson Bill Plummer. Huawei and ZTE (also from China) have met with resistance as they push their businesses into the U.S.

more info at Reuters »

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Americans are scared Hitur Petar Feb 15, 2011, 3:32 AM
 
 
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