It looks like the hot water Huawei is in is about to get even hotter. A U.S. federal investigation was launched against the company, which will examine whether or not the company stole trade secrets from U.S. companies, according to the Wall Street Journal.
According to the report, the probe is in its advanced stages, and an indictment against the company could soon be coming.
The new investigation reportedly grew out of a civil lawsuit against Huawei when a jury found that the company had misappropriated technology from a T-Mobile lab in Washington state. Huawei ultimately contested the case but admitted to two employees acting improperly in regard to a T-Mobile robotic device called “Tappy,”which was used to test smartphones. In 2014, T-Mobile sued Huawei for gaining access to the lab, taking photos of Tappy, and attempting to steal parts of the device. T-Mobile initially sought $500 million in damages but was ultimately only awarded $4.8 million in May 2017.
As mentioned, Huawei is also in hot water in the U.S. and has been facing accusations of being a national security threat for years, largely because of its ties to the Chinese government. Last year Huawei’s chief financial officer, Meng Wanzhou, was arrested in Canada at the request of the U.S. government, further heightening tensions between the companies. Wanzhou was charged with fraud for deceptive practices that ultimately allowed Huawei to avoid U.S. sanctions against Iran. Wanzhou is now awaiting possible extradition to the U.S.
Tensions aren’t likely to cool any time soon. According to reports, President Donald Trump is considering an executive order to ban U.S. companies from using products from Huawei. Government employees are already banned from using Huawei devices, but the new executive order could have significant implications when it comes to the deployment of network technology in the U.S.
Huawei may be facing issues in the U.S., but the company doesn’t seem to be suffering too much. It’s currently the second largest smartphone manufacturer in the world, trailing only Samsung — and beating out Apple. It gained the second spot in late 2018 and likely will continue to hold it for quite some time.
Alan Zibluk Markethive Founding Member
Published on Nov 25, 2016
-Last Words Of Steve Jobs. Moments Before He Died. -Wise and Inspirational Words Of Steve Jobs Just Before Death. -Please listen all the way through and take what wisdom you can from these words. -Take them in deeply and let them inspire you to live your life to the fullest! -This video was put together to share with more people these inspirational and wise words of Steve Jobs just before he died so they may benefit from them in any way they can. -This is the written transcript: These were Steve jobs last word before he passed away… I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. In the end, wealth is only a fact of life that I am accustomed to. At this moment, lying on the sick bed and recalling my whole life, I realize that all the recognition and wealth that I took so much pride in, have paled and become meaningless in the face of impending death. In the darkness, I look at the green lights from the life supporting machines and hear the humming mechanical sounds, I can feel the breath of god of death drawing closer… Now I know, when we have accumulated sufficient wealth to last our lifetime, we should pursue other matters that are unrelated to wealth… Should be something that is more important: Perhaps relationships, perhaps art, perhaps a dream from younger days Nonstop pursuing of wealth will only turn a person into a twisted being, just like me. God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth. The wealth I have won in my life I cannot bring with me. What I can bring is only the memories precipitated by love. That’s the true riches which will follow you, accompany you, giving you strength and light to go on. Love can travel a thousand miles. Life has no limit. Go where you want to go. Reach the height you want to reach. It is all in your heart and in your hands. What is the most expensive bed in the world? Sick bed… You can employ someone to drive the car for you, make money for you but you cannot have someone to bear the sickness for you. Material things lost can be found. But there is one thing that can never be found when it is lost – Life. When a person goes into the operating room, he will realize that there is one book that he has yet to finish reading – Book of Healthy Life. Whichever stage in life we are at right now, with time, we will face the day when the curtain comes down. Treasure Love for your family, love for your spouse, love for your friends. Treat yourself well. Cherish others.
WATCH THIS VIDEO" https://youtu.be/6TeZtII7maM
Alan Zibluk Markethive Founding Member