Huawei has given up its quest to conquer the market for telecoms network equipment in the US, where the Chinese company’s sales efforts have been blocked by security fears.
“We are not interested in the US market any more,” Eric Xu, executive vice-president, said at the company’s analyst meeting yesterday. The world’s second-largest supplier of network gear by revenue has shifted the focus of expansion away from the US over the past year.
US security officials and politicians have repeatedly identified Huawei as a threat to US national security – an allegation that the Chinese company has denied.
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