“I think the choice of words is very interesting from Beijing because I didn’t hear any talk about retaliation, I didn’t hear any talk similar to what we heard regarding Canada, where 5G networks might be held up, Huawei’s involvement in building these types of networks, you know, as a penalty might withdraw,” Capri said, referring to the next generation of mobile networking technology.
“What that does is that underscores the reality here, and that is that Huawei is incredibly vulnerable,” he said, explaining that vulnerability stems from the company’s “dependence still on Western tech.”
That’s why, Capri added, “Beijing is treading very carefully here.”
Huawei said in a statement provided to CNBC that it was “disappointed to learn of the charges brought against the company today.” Here’s the rest of that statement:
After Ms. Meng’s arrest, the Company sought an opportunity to discuss the Eastern District of New York investigation with the Justice Department, but the request was rejected without explanation. The allegations in the Western District of Washington trade secret indictment were already the subject of a civil suit that was settled by the parties after a Seattle jury found neither damages nor willful and malicious conduct on the trade secret claim. The Company denies that it or its subsidiary or affiliate have committed any of the asserted violations of U.S. law set forth in each of the indictments, is not aware of any wrongdoing by Ms. Meng, and believes the U.S. courts will ultimately reach the same conclusion.
—CNBC’s Kate Fazzini, Arjun Kharpal and Eustance Huang, and Reuters contributed to this report.
from Viral News Reports http://bit.ly/2RVEkcl
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