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Stock impact report

Europe should be wary of Huawei, EU tech official says [Reuters]

Orange (ORAN) 
Company Research Source: Reuters
Europe should be wary of Huawei, EU tech official says | Reuters 4 Min Read BRUSSELS (Reuters) - The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology chief said on Friday, echoing concerns raised elsewhere in the world. Huawei expressed disappointment at EU tech commissioner Andrus Ansip’s comments, saying it had never been asked to install technology that could be used for spying and never would. “Do we have to be worried about Huawei or other Chinese companies? Yes, I think we have to be worried about those companies,” Ansip told a news conference in Brussels, days after a top executive at Huawei was arrested in Canada as part of an investigation into alleged bank fraud. Huawei, which generated $93 billion in revenue last year and is seen as a national champion in China, faces intense scrutiny from many Western nations over its ties to China’s governmen Show less Read more
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