US Congress proposes bill to sanction Huawei subsidiaries and companies with Huawei origins, putting Honor at risk

The US Congress has proposed a bill that would impose sanctions not only on Huawei subsidiaries but also on companies with "Huawei origins." This is a significant escalation of the US government's campaign against Huawei, and it could have a major impact on Honor, a former Huawei subsidiary that was spun off in 2020.

The bill, called the "Secure 5G and Beyond Act of 2023," would require the US Department of Commerce to identify and sanction companies that are owned or controlled by Huawei, even if they are headquartered outside of China. This would include companies that Huawei has sold off, such as Honor.

The bill is still in the early stages of the legislative process, but it has bipartisan support and is likely to be passed by Congress. If it is signed into law by President Biden, it would have a significant impact on the global telecom industry.

Implications for Honor

Honor is a major smartphone manufacturer, and it is currently the third-largest smartphone brand in China. However, it has been struggling since it was spun off from Huawei in 2020. The company has been unable to access key US technologies, such as Google Mobile Services (GMS), which has made it difficult to compete in the global market.

If the US Congress' proposed bill is passed into law, Honor could become even more vulnerable. The company could be sanctioned by the US government, which would make it difficult to do business with US companies and its global partners. This could have a devastating impact on Honor's business.

Conclusion

The US Congress' proposed bill to sanction Huawei subsidiaries and companies with Huawei origins is a significant development. It could have a major impact on the global telecom industry, and it could put Honor, a former Huawei subsidiary, at risk.

What's your take on this?


#Nostr #Huawei #Amethyst #android #Bitcoin #Zap

https://image.nostr.build/52cb9fb07c46711536ee32a2d9d46d67f4fad6b418d4af70f1b1e55e494852f4.jpg