Huawei is having a tough season: the U.S. is alleged to be investigating it for stealing trade secrets even as Germany is contemplating banning the company from 5G projects. Moreso, U.S. lawmakers introduced a bill to block the sale of core components to the company. The CFO is still fighting extradition from Canada to U.S.
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.
The proposed law drew sharp criticism from China where Foreign Ministry spokeswoman Hua Chunying called the U.S. legislation “hysteria”, intensifying a bitter trade war between Beijing and Washington.
The bills were introduced shortly before the Wall Street Journal reported federal prosecutors were investigating allegations that Huawei stole trade secrets from T-Mobile U.S. Inc and other U.S. businesses.
But the big one is this: Oxford University has suspended new research grants and donations from Huawei, warning students not to discuss “confidential or proprietary information” with the company, notes Fortune newsletter.
Oxford University will suspend all new research grants and donations from Huawei, the Chinese telecommunications giant accused of posing national security threats around the world.
In an email sent to its computer science doctoral students, the university said the Committee to Review Donations – part of the university’s Council Secretariat – made the decision last week.
“The [committee] met last week and have decided to suspend Huawei as an approved gift donor/research sponsor,” it said.
“This decision will be revisited by the committee in 3-6 months and does not impact existing donations or research projects which have already been agreed and signed, and are in progress.”
Huawei better change nationality to Nigerian to survive this tsunami of paralyses. We will make space for it; otherwise this company is technically going extinct internationally. It needs to fix whatever it has to fix to stop this tide. Period.