A U.S. bid to block China's Huawei Technologies from buying vital American ...
WASHINGTON/BEIJING - A U.S. bid to block China’s Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, which said the move could hurt trade talks.
“Huawei will seek remedies immediately and find a resolution to this matter,” the company said in a statement. China’s Foreign Ministry also announced the formal arrest of two Canadian citizens who were detained shortly after Canada arrested Huawei Chief Financial Officer Meng Wanzhou in December. Huawei was the world’s third largest purchaser of semiconductors last year, accounting for 4.4% of global market share, behind only Samsung Electronics Co Ltd and Apple Inc, according to Gartner, a research firm.
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