According to CNBC reports, the US government has stepped up its attack on Huawei, and Washington will provide financing to Brazil to effectively prevent Huawei from entering Brazil’s next-generation 5G network.
During a visit to Brazil on Tuesday, the Export-Import Bank of the United States (EXIM) and US government officials signed a memorandum of understanding to “identify possible financing opportunities” with a financing amount of up to $1 billion.
According to a statement by Robert O’Brien, the US National Security Advisor, these areas may include energy, “especially in the field of telecommunications and important 5G networks.”
According to Reuters, US officials told reporters when signing the agreement that the money could be used by Brazil to purchase telecommunications equipment from Huawei’s competitors.
A Huawei spokesperson said in a statement: “Huawei has been operating in Brazil for 22 years and is a localized company with a good track record in high-quality products and cybersecurity. In the past 30 years, we have Of 170 countries have never had a major cybersecurity incident. We have gained the trust of our customers and partners, are committed to Brazil’s digital transformation, and open communication with all stakeholders.”
The United States has been applying pressure on a global scale to require other countries to ban the use of Huawei equipment in 5G networks on the grounds of national security. The United States claims that Huawei’s equipment may be used by the Chinese government for spy surveillance operations. Huawei has repeatedly denied these claims.
Just this week, Sweden just announced the prohibition of Chinese equipment manufacturers Huawei and ZTE from participating in the country’s 5G network construction. The Brazilian market is huge, and if it is turned away, it will undoubtedly be another blow to Huawei.
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