Commerce Department adds 46 Huawei subsidiaries to the restricted entity list
This action requires U.S. companies to apply for temporary licenses for Huawei purchases. The Commerce Department is giving U.S. companies ninety days to find alternate suppliers.
From the Wiki: Ren Zhengfei, a former deputy director of the People's Liberation Army engineering corps, founded Huawei in 1987 in Shenzhen. The company reports that it had RMB 21,000 in registered capital at the time of its founding.
Ren sought to reverse engineer foreign technologies with local researchers. At a time when all of China's telecommunications technology was imported from abroad, Ren hoped to build a domestic Chinese telecommunication company that could compete with, and ultimately replace, foreign competitors.
Typical Chinese business acumen: utter disregard for intellectual property.
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From the Wiki:
Ren Zhengfei, a former deputy director of the People's Liberation Army engineering corps, founded Huawei in 1987 in Shenzhen. The company reports that it had RMB 21,000 in registered capital at the time of its founding.
Ren sought to reverse engineer foreign technologies with local researchers. At a time when all of China's telecommunications technology was imported from abroad, Ren hoped to build a domestic Chinese telecommunication company that could compete with, and ultimately replace, foreign competitors.
Typical Chinese business acumen: utter disregard for intellectual property.
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