Since Huawei is a company ChinaIn addition, the United States government believes it may be compelled to launch cyberattacks against US telecommunications networks, as well as enabling Beijing to carry out espionage activities in the United States. That is why various measures taken are obligatory.
Recently, cybersecurity has taken over the news. Last week, United States President Joseph Biden issued a decree aimed at bolstering the country’s cyber defense after a cyber-data hijacking (ransomware) attack that disrupted the largest oil pipeline in the United States for several days. Additionally, in the past year there have been malicious attacks against federal government agencies and private companies in the United States, carried out through Microsoft Exchange and a computer company called Solar Winds.
If Biden’s decree pushes the government to take a more fact-based approach to cybersecurity, it will be all positive. Indeed, the decree could benefit both the United States and China (if it is accompanied by renewed acceptance of global competition from the United States, rather than an ongoing move toward protectionism).
If the Biden presidency accepts competition, companies from the United States and China could continue down a well-defined path that has strengthened their interlocking economies over the past decade. However, if the president follows Trump’s footsteps by allowing competition only when it coincides with the political goals of the United States, then the future of the global economy will be the technological and economic decoupling.
In the short term, separating US supply chains from China will hurt some Chinese companies (including Huawei, whose overseas revenue fell last year due to the blacklisting). However, over time, the separation will cost the United States an estimated $ 190 billion in GDP losses. It would also hurt US companies’ leadership in semiconductor and other technologies by reducing their revenues and forcing them to slash their research and development budget.
Unfortunately, the damage doesn’t end here. According to The Economist Group’s smart business unit, a complete separation of trade between China and the so-called Five Eyes countries (Australia, Canada, New Zealand, the United Kingdom and the United States) will cost the global economy more than $ 50 trillion.
Even the United States government’s National Intelligence Council has warned that dividing the world into different economic and security blocs entails extraordinary expenditures, such as massive financial losses for countries and companies with collapsing supply chains, loss of markets, and one-off decline – for-profit industries, such as tourism.
Huawei is in the middle of a rivalry between two superpowers. While relations between the United States and China may not improve anytime soon, it seems clear that the current presidency is taking a more multilateral approach to the rest of the world than before.
This gives us hope that there will be a final change in the way the US government decides to treat Huawei and other global tech companies outside the US.
We understand that the presidency is busy dealing with COVID and trying to boost your country’s economy. But we also hope that they will contact us when the time is right. To alleviate your concerns about our products and technologies, we are prepared to go through strict controls.
We are open to discussing whatever is necessary, including allowing independent testing of Huawei equipment, or licensing our 5G technology to a company or consortium in the United States.
The government may want to consider the offer from CEO and founder Ren Zhengfei to license our 5G technology to an American company. The agreement may include some or all of Huawei’s 5G patent portfolio, including source code for software, hardware designs and technologies related to manufacturing, network planning, and testing.
There are several US companies that can handle this, and it seems reasonable to assume that one or two might be interested in discovering more but is unlikely to be delivered without the approval of the US government.
The United States is well positioned to consolidate its position as a global technology leader by cooperating with international technology companies, including those in China. Hopefully, instead of bringing together the many disparate issues related to China to negotiate, as his predecessor did, President Biden will be able to separate the issues and consider each on the basis of their own merits.
Huawei’s first vice president and member of the company’s board of directors.
