NSA Spying Won't Impact Huawei's Growth
April 23, 2014 8:24 PM
Huawei will continue to stabilize its senior leadership and isn't discouraged by reported NSA spying activities.
Huawei company officials don’t believe analysts should be concerned over revelations that the
National Security Agency (NSA) compromised Huawei servers
. Investors are now concerned Huawei, the No. 3 telecom hardware manufacturer in the world, is susceptible to outside interference.
“On the NSA… it does not have a big impact on business growth,” Huawei Executive VP Eric Xu recently said during an analyst conference. “But it has an impact on workloads, in communicating with and persuading current industry stakeholders (that producers are secure), and that’s more tiresome.”
Although Xu didn’t publicly criticize the U.S. for its spying efforts, the Chinese government has filed many official complaints about the issue.
[Image Source: AFP]
U.S. lawmakers have repeatedly accused Huawei of
working as an extension to China’s global espionage efforts
, but Huawei officials don’t seem concerned of Western influence.
The company also announced that its tradition of rotating CEOs would end, offering the company additional stability. It’s unknown when the new management infrastructure would become permanent, but a team of upper management, and not an individual CEO, will lead the company.
Huawei plans to spend more than $300 million on global marketing efforts throughout 2014, in an effort to improve brand image. The Chinese company also expects information technology investment to ramp up 14 percent this year alone, as Huawei hopes to extend its product offerings outside of China.
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