Huawei

Economy & Business

BUSINESS

China's Huawei expects sharp drop in sales for 2021

The Nomad Today/dpa 12/31/21

In 2019, the US government, under then-president Donald Trump, imposed sweeping trade sanctions on Huawei, citing threats to US national security

World

BUSINESS

Sweden's 5G auction has raised 275 million dollars

The Nomad Today/dpa 1/20/21

The process was initially due to start in November but was delayed after the authorities blocked two Chinese tech firms - Huawei and ZTE - from supplying equipment for the new infrastructure.

Economy & Business

US-CHINA TRADE WAR

Huawei sells budget smartphone brand Honor amid US sanctions

The Nomad Today/dpa 11/17/20

Washington in May tightened sanctions to prevent any company worldwide from using US technology to make chips for Huawei.

Economy & Business

TECH GIANT

Sweden's Ericsson returned to profit in third quarter

The Nomad Today/dpa 10/21/20

Over 80% of Ericsson's almost 100,000 employees still working from home due to the coronavirus pandemic.

World

SECURITY CONCERNS

Sweden blocks Chinese tech giants from 5G infrastructure

The Nomad Today/dpa 10/20/20

ZTE and Huawei have been brought into question in other parts of Europe as rival firms allege they have close links to China's military.

Economy & Business

Huawei overtakes Samsung as world's smartphone leader

The Nomad Today 7/30/20

It is the first time a company other than Apple or Samsung has dominated the market in nine years, according to a research.

Economy & Business

Nokia is considering a merger with Ericsson and asset sales

The Nomad Today 2/27/20

The company's shares have lost a third of their value compared to 2019. A merger would allow to compete more effectively with the Chinese firm Huawei, but it could also destroy an important number of…