Technology: Huawei intends to give universities $300M in funding each year despite US trade ban - PressFrom - US
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TechnologyHuawei intends to give universities $300M in funding each year despite US trade ban

14:40  03 september  2019
14:40  03 september  2019 Source:   cnet.com

Huawei says impact of U.S. trade restrictions less than feared

Huawei says impact of U.S. trade restrictions less than feared Huawei says impact of U.S. trade restrictions less than feared

Huawei Technologies Co Ltd has been fighting a trade ban from Washington that has hurt its business since May and could cut off its access to essential U . S . suppliers. The Massachusetts Institute of Technology in the United States cut ties with Huawei earlier this year after U . S . authorities started

Chinese telecoms group reveals it spends $ 300 m a year on academic partnerships. Several elite universities in the US and UK, including Stanford and Oxford, have cut ties with Huawei and refused funding in recent months after the US government issued a criminal indictment accusing Huawei of

Huawei plans to give universities $300 million a year in research funding, Reuters reported, after several major US institutions severed links with the controversial Chinese company earlier this year. William Xu, the head of its institute of strategic research, said the funding would go to universities where links had been maintained.

Huawei intends to give universities $300M in funding each year despite US trade ban© Provided by CBS Interactive Inc. Huawei's strained relationship with some universities isn't stopping it from offering research funding funding to others, a report said. Érika García / CNET

"This amount is only going to increase, not decrease from now on," Xu said.

Huawei intends to give universities $300M in funding each year despite US trade ban© Provided by CBS Interactive Inc.
What is going on between Huawei and the US?
(Adrian Dennis / AFP/Getty Images)

Massachusetts Institute of Technology (MIT), University of California institutions and Britain's Oxford University were among the colleges who cut ties from Huawei, ZTE and other Chinese telecoms in response to President Donald Trump signing the National Defense Authorization Act last August -- a provision of the act bans federal funding recipients from using equipment from certain companies.

US gives Huawei a 90-day reprieve on technology trade ban

US gives Huawei a 90-day reprieve on technology trade ban NEW YORK (AP) — Commerce Secretary Wilbur Ross says the U.S. will extend by 90 days the ability of Chinese telecommunications giant Huawei to buy supplies from U.S. companies. It's the second extension for Huawei, a company that the U.S. sees as a national security risk. The comments Monday from Ross on Fox Business News sent shares of U.S. computer chip makers bolting higher. Huawei is China's biggest phone maker and sales to the company account for a significant portion of revenues for some U.S. suppliers. © Provided by The Associated Press FILE - In this July 30, 2019, file photo a woman walks by a Huawei retail store in Beijing. The U.S.

SHANGHAI — United States chip makers are still selling millions of dollars of products to Huawei despite a Many executives lacked deep experience with American trade controls, leading to initial Huawei has said it buys around billion in technology from United States companies each year .

The US trade ban on Huawei has already had a ripple effect on the global tech industry, with several companies stepping back from the company. "The best response to the US bullying is that Chinese firms continue to grow stronger," China's Commerce Ministry spokesman Gao Feng said at a briefing

Huawei intends to give universities $300M in funding each year despite US trade ban© CNET

Huawei's strained relationship with some universities isn't stopping it from offering research funding funding to others, a report said.

Xu also noted that Huawei shipped more than 200,000 5G base stations to markets around the world, even though the US pushed its allies to avoid using the company's next generation wireless technology.

Huawei didn't immediately respond to a request for comment.

First published at 3:35 a.m. PT.

Updated at 4 a.m. PT: Adds more detail.

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Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
Huawei intends to give universities $300M in funding each year despite US trade ban
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Huawei's U.S. research arm laying off workers.
China's Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas, said it cut more than 600 jobs. The unit, set up in part to work with universities and researchers, recorded $510 million in operating costs last year. Huawei is the world's largest telecommunications equipment manufacturers. The U.S.

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