Business can be rough primarily due to competition, and sometimes, your competition can screw up so bad that it makes you look too good than you actually are. That description would fit perfectly in describing Samsung’s Telecom Business. Huawei has been having it rough time with the West (developed markets) with allegations it is conducting cyber espionage at the behest of Beijing.
There are even reports that the U.S. President Donald Trump will sign an executive order banning telecommunications firms from using any of the Huawei equipment in their networks. It is no secret there is general mistrust between the U.S. and China. With Chinese tech firms having made significant in-roads in the U.S. domestic telecommunications market as both telecommunication network infrastructure providers and as OEMs.
It all began with security chiefs giving consumers warning not to buy Huawei devices alongside other Chinese brands. Then came reports European countries are either pausing or backtracking on telecommunications deals they had with Huawei.
Samsung now on top gear as Huawei luck runs out
Reports indicate that Samsung has embarked on a heavy investment on its …read more