Huawei is currently in deep trouble, as it was taken to court in the U.S. for bank fraud, obstruction of justice, and theft of technology.
Huawei was founded in 1987 by a former engineer of the People’s Liberation Army in China. At the time, the company focused on manufacturing phone switches. However, it has since expanded. Today the company builds telecommunication networks, provides operational and consulting services, and sells equipment to enterprises.
The claims involved in the court case have to do with deals reportedly done with Iran. This is an issue since Donald Trump stated that companies who trade with Iran cannot trade with America. In fact, Huawei’s chief financial officer, Meng Wanzhou, was arrested in Canada for her involvement in evading Trump’s sanctions against Iran.
On the other hand, countries all over the world have started to lose faith in the tech giant as many believe they are using their technology to spy on people. In fact, in 2018, both Australia and New Zealand excluded the company from involvement in its future 5G network. Furthermore in January 2019, Vodafone banned the use of Huawei equipment in Europe because of the same worries. Nevertheless, there are no spying charges against the company, even in the case happening right now.