President of Qualcomm: held some dialogues with new glory, looking forward to future cooperation

 President of Qualcomm: held some dialogues with new glory, looking forward to future cooperation

It home, Dec. 1 news in mid November, Huawei officially announced that in order to continue the glory channels and suppliers, Huawei Investment Holding Co., Ltd. decided to sell the assets of glory business as a whole, and the purchaser was Shenzhen Zhixin new information technology Co., Ltd.

Previously, media reports said that Huawei will give glory 6000 engineers.. In terms of employee compensation scheme, it is reported that Huawei has discussed two compensation schemes for employees moving out of the new company. One is to buy back all the original prices of the shares; the other is to compensate with 1.7 times the income in 2019.

According to the report, according to insiders, some employees in Huaweis Xinsheng community have sorted out several different schemes, such as providing N + 1 cash compensation, converting tup held by employees into esop1, and providing glory employees with Huaweis stock purchase qualification.

According to previous information, after Shenzhen Zhixin new information technology Co., Ltd. has completed the comprehensive acquisition of relevant business assets of glory brand, Huawei no longer holds any shares in new glory company. It home learned that Shenzhen Zhixin new information technology Co., Ltd. was established by Shenzhen smart city science and technology development group and more than 30 glory agents and dealers.

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News from UK and us: Huawei and SMIC are under pressure again

Just today, news comes from the UK and the US respectively that Chinese enterprises are once again under unwarranted pressure, this time involving Huawei, SMIC and CNOOC.

According to Reuters, the British government announced on November 30 local time that since September 2021, its communications companies have banned the installation of new Huawei 5g equipment, while the US Department of defense has listed SMIC and CNOOC on the blacklist of enterprises associated with military activities, Reuters reported.

5g of UK clears up Huawei

This is part of the UKs plan to clean Huawei equipment out of the countrys 5g network. Reuters on the above crackdown on the behavior such as evaluation.

Britain is an ally of the five eyes alliance of the United States. Previously, the United States discredited Huawei and Chinas 5g development with cold war thinking, provoked Sino British Relations and undermined Sino British cooperation. In July this year, the UK decided to stop using Huawei equipment in 5g construction. The British government said at the time that the UK would stop buying new Huawei equipment from December 31, 2020, and the Huawei equipment currently used in the UK 5g network must be removed by 2027.

In October, Sweden also banned Huawei and ZTE from participating in the countrys 5g network construction for security reasons. Specifically, Swedish telecom companies participating in the auction were prohibited from using Huawei or ZTEs 5g equipment. Those in use must be replaced before the beginning of 2025.

Oliver Dowden, the UKs digital minister, called Huawei a high-risk seller in a statement, claiming it posed a threat to so-called national security, Reuters reported. The UK government also announced a diversified 5g supply chain strategy, including cooperation with NEC and the formation of new research equipment, with an initial investment of 250 million pounds.

Chinas Foreign Ministry spokesman Hua Chunying has already stated that the British side, without any concrete evidence, cooperates with the United States in discriminating against and excluding Chinese enterprises under the pretext of unnecessary risks. This flagrantly violates the principles of market economy and free trade rules, violates the relevant commitments made by the British side, seriously impairs the legitimate interests of Chinese enterprises and seriously impacts the mutual trust in Sino British cooperation China strongly opposes this.

Four Chinese enterprises in the blacklist?

According to documents and sources, the trump administration is ready to list SMIC and CNOOC on the list of companies associated with military activities, Reuters said. It is reported that the list also includes China Construction Technology Co., Ltd. and China International Engineering Consulting Company. The U.S. Department of defense did not respond to a request for comment, the report said.

CNOOC announced on November 30 in the Hong Kong stock exchange that the relevant US government agencies may add the companys controlling shareholder, CNOOC, into the blacklist of enterprises suspected of having ties with the Chinese military. The company has inquired with CNOOC and understands that CNOOC has not received any formal notice or decision from the relevant US government agencies.

SMIC also said in response to Reuters that the company will continue to engage in constructive and open contact with the U.S. government, and its products and services are only used for civil and commercial purposes. The company has no relationship with the Chinese military, nor does it manufacture products for any military end-users or end-users.

As early as June 24 this year, 20 Chinese enterprises, including Huawei, Hikvision and China Mobile, were listed as owned or controlled by the Chinese military. On August 28, 11 Chinese enterprises were added to the list.

The Financial Times reported in June that listing alone would not trigger sanctions, but the US president could decide whether to impose sanctions, including blocking the property of these enterprises.

He pointed out that some U.S. officials, ignoring the facts, maliciously distorted Chinas military civilian integration development policy, and attempted to use this as an excuse to promote the technical blockade against China and interfere with and hinder normal economic, trade and scientific and technological cooperation between China and other countries. This old Cold War mentality goes against the spirit of international cooperation and the current trend of the times, and damages the interests of China and the United States and even the common interests of all countries in the world.

Source: surging news editor: Chen Hequn_ NB12679