Huawei and the US are still at loggerheads, a situation that led to the ban of the Chinese manufacturer by the US. The US government claims that Huawei is controlled by the Chinese government, a claim that the company has since denied. However, a recent report from Wall Street Journal says that Huawei had access to as much as $75 billion in state support from the Chinese government. The report believes that this helped the company become a leader in telecommunications.
However, Andy Purdy, Huawei’s Chief Security Officer in the US, recently refuted the report in an interview with CNBC. Purdy said that the relevant subsidy funds that Huawei applied to the Chinese government account for only a small part of Huawei’s R&D and investment. It was not as exaggerated as reported by the Wall Street Journal. At the same time, Chinese banks in China issued several credit lines to Huawei customers between 2005 and 2011. The direct beneficiaries were not Huawei.
According to Purdy, WSJ’s statement against the company about “getting huge subsidies from the Chinese government” is “very unfair.”
In response to the WSJ’s erroneous remarks, the Chinese manufacturer also issued a statement. The company claims that WSJ frequently conducts irresponsible and selective coverage of its activities. These irregular reports have had a huge impact on Huawei’s reputation. The company reserves the right to take legal measures to protect its reputation.