“Okay, haters, you win: Huawei is nixing its growth plans in the US,” Ricardo Bilton reports for VentureBeat.
“For years, officials in the US and elsewhere have accused the tech company of being a proxy for the Chinese government,” Bilton reports. “And while Huawei has long denied the claims, it seems like it’s just too tired to do it any longer.”
“In a recent interview with French media, Huawei CEO Ren Zhengfei said the company will stop looking for new business in the US, where fears over its alleged spying are the highest,” Bilton reports. “‘It’s not worth it,’ he said, according to a transcript of the interview.”
Read more in the full article here.
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