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The Chinese telecom giant has taken center stage in the increasingly heated race for global technological dominance. How did Huawei get where it is, and what comes next? Our experts, including a former Huawei communications executive, share their insights.
IT’S HARDLY A HOUSEHOLD NAME IN THE U.S., but Huawei Technologies is the second largest smartphone maker in the world. And while the recent trade restrictions placed on the company by the U.S. were temporarily suspended, they do represent a powerful symbol of the U.S.-China technology race. How this battle for tech dominance plays out will have far-reaching implications for a number of U.S. industries and consumers around the world.
In this wide-ranging conversation, our experts, including a former Huawei communications executive, give us an inside look at the company’s competitive, “eat nails for breakfast” culture and examine the factors and practices that contributed to its rise. They also explore Huawei’s vulnerabilities, including a reliance on foreign partners for semiconductor parts and software. And they detail the early advances the company has made in areas such as AI and 5G wireless. A global leader in the roll-out of 5G wireless, Huawei holds more patents for the technology than any other company.
How will the trade restrictions play out in the short term? And how might the U.S. meet the longer-term challenges posed by China in the race for tech dominance? One thing is certain: The competition between the U.S. and China for technological superiority could last for years to come.
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This is a product of BofA Merrill Lynch Global Research and was recorded on May 22, 2019. The content is not investment advice and not intended to be used for investment decisions. Investing involves risk, including possible loss of principal. Any views expressed are subject to change without notice.
BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation.
*Walter Jennings is not affiliated with Bank of America Corporation and is solely responsible for the information he presented at this event.
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