Huawei Or The Highway?

HOW BIG IS HUAWEI?

In 2018, Huawei posted about $108.5 billion in revenue. For context, that means Huawei made about half of Apple’s revenue in 2017.

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Fortune Magazine ranked Huawei as the 7th largest tech company in the world (by revenue). It has sold over 200 million smartphones.

The company is present in about 170 countries, with more than 188,000 employees worldwide.

BUT HUAWEI SELLS MORE PHONES THAN APPLE, RIGHT?

Yep. Huawei has grown to be the No.2 smartphone supplier in the world. While Samsung reigns supreme, Huawei comes second, then Apple.

DOES HUAWEI MAKE ANYTHING ELSE?

Of course. Aside from mobile phones, which the company is primarily known for, Huawei also makes telecommunications equipment that phone and internet companies need.

Now, for those of you living under a rock and have no idea what my first paragraph was about, here’s what you need to know: News about Huawei Technologies have been pouring for the past few months, ever since the Trump Administration effectively banned Huawei with a national security order. Things have been confusing and alarming, with wild speculations flying all around. Such an unclear environment nourishes mistakes and chaos.

Let’s break it down and hopefully clear up the matter—without drowning you in information because trust us, there’s a lot to uncover.

WHAT HAPPENED?

Last January 29, the United States of America charged Huawei Technologies with 23 indictments for alleged trade secret theft and fraud. Then, on May 15, U.S. President Trump issued an Executive Order stating that “foreign adversaries are increasingly creating and exploiting vulnerabilities in information and communications technology and services, which store and communicate vast amounts of sensitive information, facilitate the digital economy, and support critical infrastructure and vital emergency services, in order to commit malicious cyber-enabled actions, including economic and industrial espionage against the United States and its people.”