The headaches for Huawei Technologies Co. keep growing, fresh after the U.K. government said that it would conduct a review of the Chinese company’s cyber security arrangements and a former U.S. intelligence official reportedly accused it of spying for Beijing.
China’s Huawei Technologies Co. is currently developing fifth-generation network technology, which will enable mobile users to have wireless connection experience similar to today’s home fiber network environment.
The European Union’s trade chief will ask for backing this week from senior members of the bloc’s executive arm to start investigations into alleged unfair trade practices by Chinese network-equipment suppliers Huawei Technologies Co. and ZTE Corp., an EU official said, amid concern from European companies that such a probe could prompt a backlash against their interests in China.
The U.S. government is seeking oversight of network-equipment purchases as a condition for approving Softbank Corp.’s $20 billion acquisition of U.S. phone carrier Sprint Nextel Corp., a move that appears to be aimed at keeping out Chinese suppliers like Huawei Technologies Co., people familiar with the matter said.
Eastman Kodak Co.’s $525 million patent sale disclosed Wednesday involved a Who’s Who of the global technology industry, as usually fierce rivals came together to take off the market patents governing the digital cameras now ubiquitous in mobile devices.