Huawei is all set to build its first manufacturing line in France, according to a senior executive of the Chinese tech giant stated. The move will be in line with the company’s plans for expanding in the region whilst also providing 5G networking. It is also seen as an act to ease tensions with the US, which has previously accused Huawei of spying using its telecommunications equipment.
The Chairman of Huawei Technologies Co Ltd, Liang Hua, mentioned that the company will be investing 200 million Euros (roughly 217 million US Dollars) in the first phase of setting up the mobile base station plant. The new plant is expected to create about 500 new jobs in the area. Huawei has denied all counts of accusations from various governments regarding the safety of its telecommunication tools and equipment. However, the US is adamant regarding its position against the company amidst the US-China trade disputes.
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Currently, 5G networking is seen as the new hallmark for developed countries, causing many to join the bandwidth advancement race. Currently, Huawei is one of the pioneers in this networking field, especially 5G, but has difficulties operating in the Western regions like the US and certain European countries as well. In a new conference, Liang Hua said that “This site will supply the entire European market, not just France’s. Our group’s activities are worldwide and for this we need a global industrial footprint.”
In other words, despite opening a manufacturing plant in France, it will target the entire European market. Furthermore, it will also aim to have a more dominant impact in the area and the global market through its new expansion since Huawei operates worldwide. 5G network is a crucial aspect of the new advancements and will be the tie that binds various IoT devices, smart home appliances, and smartphones, all of which are also provided by the company itself.
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(Via)
