According to Reuters, today, Huawei said that it will invest $2 billion in the next five years to strengthen network security, recruit more employees, and upgrade laboratory facilities, as it battles global concerns about risks associated with its network gear. This was announced at one of its most in-depth press conferences at its Dongguan office, after welcoming a number of international journalists into its new campus.
Ken Hu, Huawei’s rotating chairman, said: “Locking out competitors from a playing field cannot make yourself better. We think any concerns or allegations of security at Huawei should be based on factual evidence. Without factual evidence, we don’t accept and we oppose those allegations.”
He also added that the Chinese tech giant has been communicating with governments around the world on the independence of its business. Japan and France have not officially banned Huawei’s telecommunications equipment. Recently, some media reported that these governments will adopt equipment that disables Huawei. Earlier, it was reported that the country’s three top carriers planned not to use current equipment and upcoming 5G gear from Huawei. Moreover, it’s been assumed France was considering adding items to its ‘high-alert’ list that tacitly targets Huawei.
As you know, for political reasons, Huawei has already been virtually locked out of the U.S. market and has been prohibited by Australia and New Zealand from building 5G networks. All those countries that reject Huawei from making 5G networks say its gear could facilitate Chinese spying.
According to Ken Hu, they have won more than 25 5G commercial contracts, ranking first in the world, and also added they will ship more than 10,000 5G base stations worldwide. In addition, Huawei has conducted 5G commercial testing with more than 50 operators around the world. Huawei expects the company’s revenue to exceed $100 billion this year, an increase of 8.7% compared with last year.