1. Main
  2. Learn
  3. Economy
  4. Companies

Huawei looks to win back faith of United States

Huawei looks to win back faith of United States Huawei looks to win back faith of United States
Chinese tech giant Huawei said Monday that it hoped to "solve the challenges and problems" it has in the United States after Washington labelled it a security threat last year, AFP reports.
CEO Guo Ping said the firm posed no risk to the United States, which in October said it and another Chinese telecoms firm, ZTE Corp., should be barred from contracts and acquisitions, adding it "cannot be trusted" to be free of influence from Beijing. "Since we have never sold key equipment into the United States networks, there is no possibility for Huawei to pose a security threat to the United States," Guo told a news conference. "There has never been any incident on our products threatening the cyber security of networks," he said, adding that Huawei products are used in more than 140 countries. "I believe one day we could potentially solve the challenges and problems in the US," he said, adding that this could be achieved with "the spirit of sincerity, openness and transparency". The United States' distrust of Huawei stems from what is seen as an increasingly assertive China that is pouring money into building up its military and, US defence officials have warned, its ability to potentially use high-tech means to disrupt US communications or information systems. Huawei, founded by a People's Liberation Army veteran in 1987, has denied any ties with the Chinese government and called the October congressional report "an exercise in China-bashing". Guo was speaking after Huawei released annual earnings report, which showed net profit rose 32 percent to 15.4 billion yuan ($2.5 billion) in 2012, while revenue grew eight percent to 220.2 billion yuan. It also said it expects compound annual growth in revenue of 10 percent over the next five years. Huawei saw a jump of 7.2 percent in revenues in Asia-Pacific excluding China, a 4.3 percent increase in the Americas and a growth of 6.1 percent in Europe, Middle East and Africa. China remained the company's biggest market, where it saw growth in revenue of 12.2 percent to 73.6 billion yuan.
Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan
OPEC agrees shock oil output cut
Israeli ex-president and Nobel laureate Peres dies
Germany blocks WhatsApp data transfers to Facebook
32,000 arrested in Turkey coup probe
Youth to the fore as Milan fashion week opens
Xenophobia threatening peace in eastern Germany
Four-in-10 Japanese are virgins: poll
Sweden re-militarises Baltic island of Gotland
China to launch second space laboratory: Xinhua
More than a billion stars mapped in Milky Way: ESA
Boxing: Golovkin eyes Saunders after stopping Brook
Kazakhstan shifts PM to security chief
Oil prices gain despite rising OPEC supply forecast
US to give Philippines military planes
Singapore wages war on Zika-bearing mosquitoes
Italy quake death toll nears 250
Viral photos add fuel to French burkini debate
18 dead as Italy struck by powerful quake
Japan's first lady visits Pearl Harbor
Pokemon's a no-go on Bangkok's roads
July was Earth's hottest month in modern times
Pakistan rock climbers scale new heights