SHENZHEN, China --
"We are compelled to take this legal action as a proper and last resort," the company's rotating chairman, Guo Ping, said at a news conference. Guo said the ban would limit competition, slowing the rollout of fifth-generation communications and raising consumer prices. Huawei says the new law would shrink its potential U.S. market further by prohibiting the government from buying the Chinese vendor's technology and from buying goods or services from or giving grants or loans to companies or other third parties that do. The United States accounts for 20 to 25 per cent of the global market for computer and telecom technology.
Huawei, based in Shenzhen, near Hong Kong, is a leading developer of 5G along with rivals Nokia Corp. of Finland and Sweden's LM Ericsson. Industry analysts say excluding the Chinese vendor from markets for 5G equipment would reduce competition and might lead to higher prices. The executive, who is the daughter of the company's founder, was arrested Dec. 1 by Canadian authorities and is fighting a U.S. extradition request.
A sad company desperately trying to keep its corrupt shit in North America. Good luck with that. Chinese people aren't well respected but the crap they make is even worse
Goodluck with that eh
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