Huawei reportedly decides to abandon the US market

In an interview with French journalists last week, Huawei founder and CEO Ren Zhengfei declared that he wants the company to "exit" the U.S. market after multiple accusations by the U.S. government, that the telecoms equipment manufacturer may be spying on behalf of the Chinese government.

Last year, the US House Intelligence Committee issued a letter to Huawei stating US government concerns over its connections and ties to the Chinese military and government. In the letter, Rep. Dutch Ruppersberger (D-Md.) said that the committee was "concerned" the Chinese authorities could be hacking in or attempting to breach US networks through its telecom intermediaries.

"If Huawei gets in the middle of U.S.-China relations, it's not worth it. Therefore, we have decided to exit the U.S. market and not stay in the middle," Ren told Les Echos.

However, it's not clear how serious Ren's intentions are or if there's any timeline to Huawei possibly pulling out of the US market. A Huawei spokesperson said in a statement:

"We remain committed to our customers, employees, investments, and operations and more than $1 billion in sales in the US," the spokesperson said, "and we stand ready to deliver additional competition and innovative solutions as desired by customers and allowed by authorities."

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