Billions of tech revenue in Asia are at risk due to U.S. restrictions on Huawei, S&P says

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Huawei is in the middle of a confrontation between the United States and China for global technological dominance.

last year which restricted American firms from doing business with the Chinese firm without seeking permission from the government. Washington says the tech company's activities pose a risk to the national security and foreign policy interests of the U.S.

"Without a license from the U.S. government, such companies will be unable to provide services directly to Huawei without facing restrictions themselves," he added.that could be used for espionage by Beijing. The U.S. has moved further to urge its allies to exclude the tech firm from building their next generation of high-speed mobile internet known as 5G. Huawei has denied allegations it colludes with Chinese intelligence.

 

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Good. Tech better decouple from china immediately, enough of greed

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