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Huawei: Two billion over the next five years for cybersecurity

Η Huawei announced Tuesday that it will spend $ XNUMX billion over the next five years to focus on cybersecurity, hiring more people and upgrading its labs as it receives international fire over possible security risks that come with the equipment. its networks.

The Chinese company made the announcements during a thorough interview at its offices in Dongguan, which was attended by more than 20 international journalists.

Huawei has been in the news lately due to the arrest of Meng Wangzhou, chief financial officer of the company and the daughter of its founder, Ren Zengfei, in Canada, at the request of the United States. The Chinese company has also been virtually excluded from the US market and has been blocked in Australia and New Zealand over its 5G network infrastructure, with many worried that it could facilitate espionage by Chinese intelligence services. .

"By eliminating competitors from the field, you do not get better. "We believe that any Huawei security concerns or allegations should be based on evidence," said Ken Hu, a senior executive at the company.

He said Huawei was in contact with governments around the world about the independence of its operation, adding that Japan and France had not made any formal bans on its telecommunications equipment.

Sources told Reuters that Japan was planning a total ban on the purchase of government equipment by the company, while other media outlets reported that France was considering including some types of equipment in a relevant "high alert" list, which is said to be to "target" particularly Huawei, which has repeatedly stressed that Beijing has no influence over it.

The Chinese company is the largest supplier of telecommunications equipment in the world and the second largest manufacturer of smartphones. Also, unlike other major Chinese technology companies, half of its revenue comes from abroad.

Source

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