Samsung Electronics said on Friday that operating profit fell to 6.5 trillion won ($5.56 billion) in the quarter ended June, falling 56% year on year in the face of sinking DRAM prices. Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones. The…
Huawei’s controversial status in North America and Europe stems from a lot of different factors. At the heart of most of them, however, is the hardware maker’s alleged ties to the Chinese government. The notion of government control has been enough to cause something approaching an outright ban on its products in the States, over…
Huawei Technologies Co.
Meng Wanzhou, the chief financial officer of Chinese technology company Huawei, is suing the Canadian government, its border agency and the national police force over her high-profile detention. Meng claims they detained, searched and interrogated her before telling her she was under arrest. Lawyers for Meng said that they had filed a notice of civil claim in…
Huawei is suing the U.S. over a law that bans government agencies from buying the Chinese technology giant’s equipment, claiming the legislation is unconstitutional, as the company goes on the front foot following months of political pressure. The lawsuit, which was filed on Thursday local time, focuses on a provision in a law known as the National Defense…
Forging ahead with its 5G plans and securing its leading position for 5G deployments — despite hardware bans in multiple countries — Huawei recently announced a collection of new chips and devices designed to make strong use of the next-generation cellular standard, notably including data speeds that may surpass competing products from rivals. For consumers, the biggest news may be…
The US is again warning its allies about the risks of using telecom equipment made by China’s Huawei Technologies Co. American officials have briefed their counterparts in countries like Germany, Italy, and Japan about what they argue are potential cybersecurity risks, according to the Wall Street Journal (paywall). This follows previous warnings, such as a claim earlier this…
