The arrest of the Chief Financial Officer (CFO) of the telecom giant-Huawei, Meng Wanzhou for violating trade sanctions of the United States started a lot of complications between the government of the U.S., Canada and China. The critics accused Huawei of espionage for the Chinese government. The aftermath of these discussions steered many countries in backing out from their relationship with Huawei along with restricting the purchase of their equipment.
During a meeting at the World Economic Forum in Davos, Switzerland, Liang Hua demanded the evidence aimed at proving the spying accusations that were put on Huawei. The Rotating CEO at Huawei, Ken Hu claimed that there has been no incident of cybercrime from over three decades or any evidence of Huawei responsible for the alleged accusations. Other official blamed the United States of hypocrisy for using political means without any solid proof to attack Huawei and attempting to prohibit the use of its technology.
Earlier in January, Huawei announced to manufacture their own mobile phone chips along with a next-generation foldable 5G smartphone that resulted in positive advertising of the company amidst its rising complications with the United States and Canada.
Amidst the accusations and problems with different nations, Huawei is progressing well in their business and was selected as the supplier for digital transformation by more than 200 companies in the Fortune 500.