Hungary Deepens Huawei Ties During Xi Visit, Shunning Risks [BNN Bloomberg (Canada)]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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Source: BNN Bloomberg
Huawei and 4iG Nyrt., a Hungarian telecom company Prime Minister Viktor Orban is grooming into a national champion, are planning to develop a joint cloud services platform, according to an initial agreement signed on Friday. The platform will serve Chinese companies with operations in Hungary, as well as the country's domestic firms. “Hungary wants to work with the best,” Economy Minister Marton Nagy told reporters on Friday. “That can mean both Western or Eastern companies.” The deal marks a further rejection of Western pressure on Orban to loosen ties to Beijing and Russia. He has doubled down on business deals, and leveraged his country's EU and NATO memberships to dilute EU sanctions against Russia, delay NATO's expansion and block critical EU statements on China. Telecoms is a particularly sensitive area, with the US and much of the EU seeing Huawei as a national security threat - something the company and China reject. The US revoked licenses that allowed the Chinese firm
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QCOM
Earnings
- 5/1/24 - Beat
QCOM
Sec Filings
- 5/22/24 - Form 4
- 5/22/24 - Form 144
- 5/21/24 - Form 4
- QCOM's page on the SEC website