A man uses his smartphone as he stands near a Huawei logo at the PT Expo in Beijing in October. Photo: AP

US to tap US$60 billion war chest in boon for Huawei and ZTE rivals

  • The new International Development Finance Corporation will use funds to help developing countries and businesses buy equipment from other companies
  • DFC chief executive Adam Boehler says US is ‘very focused’ on ensuring there are viable alternatives to Chinese telecoms firms
Topic |   Huawei

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A man uses his smartphone as he stands near a Huawei logo at the PT Expo in Beijing in October. Photo: AP
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Huawei founder Ren Zhengfei says the company will shift its focus of development towards Canada. Photo: Kyodo

Huawei to shift research facilities from hostile US to Canada, founder Ren Zhengfei says

  • Chinese tech giant also considering building new factories in Europe to make 5G equipment
  • Huawei has already added 300 employees in Canada this year, while its US research arm, Futurewei, has trimmed its staff by 600
Topic |   Huawei

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Huawei founder Ren Zhengfei says the company will shift its focus of development towards Canada. Photo: Kyodo
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