Huawei focusing on cloud business which still has access to U.S. chips: FT

Huawei’s cloud computing business sells computing power and storage to companies, including giving them access to artificial intelligence, and has been growing rapidly, the newspaper reported on Sunday, citing sources.

In January, Huawei put the unit on an equal footing with its smartphones and telecoms equipment businesses, the FT reportedThe unit was stepping up its offerings and Beijing will increasingly support the company through public cloud contracts, according to the report. The administration of U.S. President Donald Trump has restricted technology exports to Chinese companies in particular, notably Huawei, citing national security risks.

HW's story might sound an alarm to the high-tech companies outside the US, prepare themselves, the US is never a friend, it's a bully with the biggest stick in hand.

Why the loophole? realDonaldTrump GOP TomCottonAR marcorubio mikepompeo SecPompeo

Inb4 BrendanCarrFCC is mandated to make a statement about the scary Chinese

emmmh, it's Huawei's doomsday

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Billionaire: Todd McKinnon’s Cloud Security Company Is Booming As More Americans Work From HomeThrough big bets, Todd McKinnon grew his cloud security company, Okta, into a $27 billion business. Now the largest opportunity of his career has landed in his lap: a worldwide pandemic by Noah_Kirsch Noah_Kirsch When opportunity meets preparation 💓 Noah_Kirsch When opportunity meets preparation
Source: Forbes - 🏆 394. / 53 Read more »

Intel 7nm chip delay limits US government supercomputer ambitions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hey, anything’s possible when you cheat, murder, and hamstring your competition.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump promises tariffs on companies leaving USUS stocks took a major dive after US President Donald Trump promised stiff tariffs on imported steel and aluminum, as well as companies leaving the US to do business where its cheaper.
Source: trtworld - 🏆 101. / 63 Read more »