Huawei faces catastrophe in the technology cold war

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If the US can prove the Chinese firm broke sanctions, Huawei could grind to a halt

The arrest in Canada of the chief financial officer of the Chinese mobile network and handset tech firm Huawei marks a new stage in a technological cold war between western spy agencies and Beijing. This development could be catastrophic for Huawei: according to reports, the US suspects it broke sanctions by selling telecoms equipment to Iran. If that is proven, the response could exclude Huawei from many of the world’s most valuable markets.

Related: Stock markets slump as Huawei arrest fuels trade war fears – business live

Related: China demands release of Huawei executive arrested in Canada

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Source: china
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