Huawei Throws Towel In On 3Leaf Acquisition
Huawei today issued a statement regarding its intent to follow the recommendations of the U.S. government concerning its acquisition of 3Leaf Systems. The company said, "This was a difficult decision, however we have decided to accept the recommendation of CFIUS to withdraw our application to acquire specific assets of 3Leaf. Huawei will remain committed to long-term investment in the United States. The significant impact and attention that this transaction has caused were not what we intended. Rather, our intention was to go through all the procedures to reveal the truth about Huawei." Separately, the Chinese government had its own opinion about the deal. China wants more transparency regarding national-security reviews of Chinese investment in the U.S. A Chinese government spokesperson said, "China hopes U.S. laws treat Chinese companies, no matter whether they are listed companies, state-owned companies or private companies, fairly…and implement more transparent and predictable procedures." U.S. lawmakers have also questioned investments made or announced by Chinese telecommunications equipment provider ZTE. They fear that these companies are linked to the Chinese government in a way that could threaten national security.
China Opposes US Action Against ZTE; ZTE Phone Biz Safe
China's Ministry of Commerce says the U.S. Department of Commerce's plan to prevent ZTE from exporting American-made components will be bad for Chinese firms.
Qualcomm Partners Up with Chinese Makers for 14nm Chips
Qualcomm plans to form a joint venture with Semiconductor Manufacturing International in China to develop 14nm chips. China's Huawei and Belgium's Imec will also participate in the venture.
Huawei Sues Samsung Over Patents
Huawei has filed lawsuits against Samsung in the U.S. and China, alleging the smartphone maker is using its patented technology without permission.
Opera to Sell Browser Business to Chinese Firms for $600M
Opera Software today scrapped plans to sell its entire business to a consortium of Chinese companies and will instead sell to them its consumer browser business. The original deal, valued at $1.2 billion, would have seen a handful of China-based investment firms take over all of Opera's businesses.
Blu Phones Among Those Impacted By Hidden Backdoor
Kryptowire, a security research firm, says millions of phones made by Chinese companies, including Blu, include a secret backdoor that send owner text messages to a server in China. The backdoor also records location data, reports the contents of messages, and identifies the recipients of those messages.
Hitur Petar said:...
Americans say free trade, free trade.... Open your markets blah blah blah. Guess its another typical "do as we say, not as we do" scenario. Just like everything else you do. And then you wonder why the world laugh
get outta here ya dirty commies!
Or at least stop devaluing your currency.