Chinese telecoms giant Huawei to give staff $286 million in cash rewards for helping it ride out U.S. curbs
FILE PHOTO: FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, 2019. REUTERS/Aly Song/File Photo
The world’s largest telecoms equipment provider has said it has been trying to find alternatives to U.S. hardware after the United States all but banned it in May from doing business with American firms, disrupting its ability to source key parts. The cash rewards will likely go to research and development teams and those working to shift the company’s supply chains away from the United States, the spokesman said.Many in the U.S. government believe that Huawei’s equipment, particularly its 5G networks, pose a security risk, because of the company’s allegedly close ties to the Chinese government. Huawei has denied the Chinese government plays any role in its operations.
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