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Accused of Cyberspying, Huawei Is 'Exiting the U.S. Market'
The CEO of the world's biggest telecommunications equipment maker, which for years has been labeled by U.S. officials as a proxy for Chinese military and intelligence agencies, says he's giving up on America.
In a rare interview on Nov. 25 with French journalists, Ren Zhengfei, the 69-year-old founder and CEO of China-based Huawei, said he would no longer look for business in the United States, in the wake of accusations from lawmakers and government officials that the company is a de facto arm of the Chinese authorities. "If Huawei gets in the middle of U.S-China relations," and causes problems, "it's not worth it," Ren reportedly said, according to a Chinese transcript of the interview. "Therefore, we have decided to exit the U.S. market, and not stay in the middle."