US Politics and the Impact on Huawei's Future, 2020 Report: World's Biggest Telco NI Vendor Benefited from its Ties to Chinese Government on the way Up, but Its Future Hinges on Cutting the Cord
DUBLIN, Oct. 7, 2020 /PRNewswire/ -- The "Commentary: Politics Cloud Huawei's Future" report has been added to ResearchAndMarkets.com's offering.
Huawei held its global industry analyst summit (GAS 2020) in late May, just days after the U.S. Commerce Department expanded its Entity List restrictions on the company. The new rules don't take effect formally until May 2021, and there is a public comment period in the interim, but the restrictions will upend Huawei's near-term goal to dominate global 5G markets.
To be clear, that doesn't mean individual employees of Huawei are untrustworthy. It means that the U.S. government, nd many key allies (including most of the Five Eyes intelligence alliance), recognize that Huawei's growth has relied heavily on Chinese government support, and it will always be a Chinese company and, hence, subject to manipulation and influence by the ruling Chinese Communist Party (CCP). Tone-deaf statements from CCP officials over the last two years have seemed designed to confirm this suspicion.
Huawei continues to have an impressive technology portfolio, loads of talented engineers, and vast reach around the world, but it won't get out of its current mess by just finding another source for chips. The Entity List rules and earlier arrest of Huawei CFO in Canada have coaxed CCP officials to show their hand too blatantly.
Huawei's prospects for the next few years have noticeably dimmed, and we will see a much different competitive landscape in the telecom network infrastructure space by next year. The only question is whether Huawei can apply another of its strengths to its currently stark situation: the ability to learn from its mistakes and implement change rapidly.
Key Topics Covered:
List of Figures
Figure 1: Huawei's annualized market share in Telco NI since 2013
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