Huawei Future In U.S. Murky After 'National Security Threat' Report
Huawei's partners are probably dazed in the wake of a House Intelligence Committee report that labeled their vendor partner a "national security threat" and advised against dealing with it and Chinese mobile equipment vendor ZTE.
"I would find another vendor if you care about your intellectual property, if you care about your consumers' privacy, and you care about the national security of the United States of America," Rep. Mike Rogers, a Michigan Republican and chairman of the U.S. House of Representatives' Permanent Select Committee on Intelligence, said on "60 Minutes" last Sunday.
Huawei is building a channel program and is said to be preparing for an IPO, but this bombshell of a week may have derailed these plans.