HELSINKI — As the Trump administration puts pressure on Chinese telecom giant Huawei to block its dominance in developing future 5G networks, small European competitors are pitching themselves as more secure alternatives.
Nokia CEO Rajeev Suri in the past has boosted Nokia’s more secure products and hinted Huawei’s failure would be Nokia’s ultimate gain. Those bets appear to be paying off. On May 29, Nokia and Ericsson won a major 5G contract with Japanese electronics conglomerate SoftBank Corp., a major blow to Huawei.
Nokia also advertises a small, trusted supply chain, meaning it makes the most of its products itself or purchases hardware or software from only a few trusted vendors. In the U.S., major defense contractors are increasingly concerned about the tens of thousands of companies that manufacture components of major technology — a security issue recently raised by the U.S. intelligence community. Communications networks are subject to similar concerns.
The politics are one of the reasons that many smaller European nations have declined to take a firm stance against Huawei, despite repeated urging from the Trump administration. Germany’s telecommunications regulator has refused to block Huawei. The United Kingdom has demanded source code access and technical compliance to manage the risk posed by foreign providers like Huawei. Some countries are testing partial bans, or leaving it up to the telecoms to decide. Skeptical politicians and industry experts have demanded concrete evidence that Huawei has done anything wrong.
Swedish defense minister Peter Hultqvist in an interview on cybersecurity and 5G emphasized the importance of “maintaining control” over critical infrastructure. “It’s always important to have security around important properties,” he told Yahoo News. He did not comment specifically on the U.S. call for a Huawei ban.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nokia says it has moved ahead of Huawei in 5G ordersNokia has attracted increased interest in its next-generation telecoms equipment... This is something we can all get behind. Who doesn't trust the creator of the most reliable phone in the world? The legendary Nokia 3310. that was never hard😂😂😂 uahmad_sulaiman 👀
Source: Reuters - 🏆 2. / 97 Read more »
Huawei launches 5G lab in South Korea, but keeps event low-key after U.S. banHuawei Technologies unveiled an open lab for next-generation 5G wireless network... The leading company for the removal of working technology is not similar to modernizing the strategy and extracting its dimensions to achieve measurements that are subject to the existing wall to impose state restrictions. Excellent 'During the last eight years our Government (USA) and people have accumulated a wealth of experience and know-how on transition to a market democracy.' Ha-ha-ha :)
Source: Reuters - 🏆 2. / 97 Read more »
Alipay has tripled its merchants in Europe amid 'booming' Chinese tourism marketAlipay is making big inroads in Europe as Chinese tourists flock to the region, according to the leader of the Chinese firm's European division.
Source: CNBC - 🏆 12. / 72 Read more »
How the European elections will shake up domestic politicsThe European Parliament elections have already had knock-on effects in states all over Europe
Source: TheEconomist - 🏆 6. / 92 Read more »
Sino-U.S. trade war offers Europe chance to bank more Chinese reservesShould European countries want the euro to replace the dollar as the world'... US is now a prisoner of its own past. Chip notes!!! How much % grade of scale you want? Add to the list of things every sane person predicted over a year ago
Source: Reuters - 🏆 2. / 97 Read more »
On the eve of the Tiananmen Square anniversary, a Chinese detention camp whistleblower is seeking asylum in EuropeSairagul Sauytbay testified that she had been trained to teach 'political ideology' instructors at internment camps in Xinjiang, China. better hide this before China sees it ! AMERICANS ARE NO MORE FREE THAN THE CHINESE The real picture from Tiananmen Square.
Source: Newsweek - 🏆 468. / 52 Read more »
Tencent's biggest shareholder says Chinese tech has been a 'bloodbath' — but the future looks brightIn an interview at the Money20/20 Europe conference, Naspers CEO Bob van Dijk said Chinese tech stocks have taken a hit from the trade war between the U.S. and China. That’s because we are whipping them at trade. They will fall into place.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Tariff On Mexico Hits FCA, BMW And VW Stock PricesEuropean auto makers face mounting losses if the U.S. decision to raise tariffs on Mexican exports by 5% isn’t settled soon, and their stock prices took a beating Friday with the Stoxx Europe 600 index losing almost 3.0% at 454.73. Good. Maybe they can also put pressure on Mexico to stop allowing 50,000 illegals to enter the US monthly from MX. There are some good reasons for tariffs. Supporting the erratic policies of a deranged leader is not one of them. Good. We need fair trade and legal immigration.
Source: Forbes - 🏆 394. / 53 Read more »
Disney CEO casts doubt the company will continue filming in Georgia if abortion law takes holdDisney joins Netflix in distancing itself from doing business in the state after the passage of a highly restrictive abortion law. What interest do Disney Shareholders have in this issue. Totally inappropriate for a public company to make a stand on this debate. Chickenshit statement Just dumb
Source: washingtonpost - 🏆 95. / 72 Read more »