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Thu Dec 6, 2018, 07:27 AM

Mengs arrest could plunge US, China into high-tech Cold War

Meng Wanzhou is the daughter of the man who built China’s high-tech pin-up company Huawei and is considered corporate royalty in the world’s second-largest economy.

But now, the 46-year-old chief financial officer and deputy chairwoman of the flagship firm faces extradition to the United States and a court appearance in Vancouver on Friday after being arrested in Canada over potential violations of US sanctions on Iran.

The fallout from the decision has rocked mainland markets and threatened the trade war truce between Washington and Beijing.

After all, her father Ren Zhengfei built the sprawling telecom titan from scratch in the then sleepy fishing town of Shenzhen before it morphed into China’s Silicon Valley.

Exactly 31 years later, Huawei has become the biggest private company in the country with 180,000 employees and a global footprint in more than 100 nations.

Combining a thriving consumer mobile sector with an expanding telecom network business, the conglomerate has also invested heavily in Artificial Intelligence, or AI, Virtual Reality, semiconductors and 5G.

“Huawei will be a top three player in the global communications market 20 years from now,” Ren, 74, a former People’s Liberation Army officer, said back in 1992.

He has since been proved right with revenue projected to hit 655.9 billion yuan (US$102.2 billion) this year, a jump of 9.3% compared to 2017. Last year, the consumer division alone shipped 153 million smartphones with revenue numbers hovering around the 236 billion yuan mark.

But as the group expanded worldwide into the industrial side of the telecoms sector, cracks started to appear. The poster child for the acclaimed “Made in China 2025” blueprint, which has become toxic in Washington, was suddenly being heavily scrutinized by Western governments.

Just hours before it was reported that Meng had been arrested, British Telecom revealed it would be removing Huawei equipment from the core of its 3G and 4G mobile operations in the United Kingdom.

http://www.atimes.com/article/mengs-arrest-could-plunge-us-china-into-high-tech-cold-war/

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Reply Mengs arrest could plunge US, China into high-tech Cold War (Original post)
Troll2 Dec 6 OP
JaimeBondoJr Dec 6 #1
Let it go Dec 6 #2
Troll2 Dec 6 #3
uncledad Dec 6 #6
WhiskeyMakesMeHappy Dec 6 #5
FreeWheelBurning Dec 6 #4
uncledad Dec 6 #7

Response to Troll2 (Original post)

Thu Dec 6, 2018, 08:16 AM

1. Sounds like her arrest is legit.

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Response to Troll2 (Original post)

Thu Dec 6, 2018, 09:02 AM

2. Must be more to this than Iran sanctions

Curious why they are pulling Huawei equipment from allied countries

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Response to Let it go (Reply #2)

Thu Dec 6, 2018, 09:50 AM

3. AFAIK, the only countries pulling Huawei equipment are "Five Eyes" countries.

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Response to Troll2 (Reply #3)

Thu Dec 6, 2018, 11:42 AM

6. And two Mandarin ears......

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Response to Let it go (Reply #2)

Thu Dec 6, 2018, 10:59 AM

5. Huawei tech is embedded with spyware.

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Response to Troll2 (Original post)

Thu Dec 6, 2018, 09:58 AM

4. I wonder if she is just a chip for Trump to play with during his tariff negotiations

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Response to Troll2 (Original post)

Thu Dec 6, 2018, 11:46 AM

7. Obvious deep state is obvious...

This was a bad idea.

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