Huawei CEO says further U.S. restrictions could open ‘Pandora’s Box’ | FierceWireless
“2019 was a very challenging year for Huawei,” said Xu at the videoconference of his earnings presentation. He attributed much of the company’s problems to the events of May 16, 2019 when the United States Department of Commerce placed Huawei and 70 of its affiliates on the Bureau of Industry and Security’s (BIS) “entity list,” effectively banning the company from buying components from U.S. companies without government approval. RELATED: Commerce Dept. bans Huawei, 70 affiliates from sourcing U.S. components