As a matter of fact, the global ban on Huawei is becoming undone as you read this. Things aren't the way they were before however.
For those who haven't kept up, here's the skinny on Huawei. The Chinese manufacturer Huawei has been the target of criticism and investigations in the last several years due to rampant security flaws that are said to exist within Huawei's soft and hardware. Some sources speculate that Huawei intentionally placed backdoors in their devices to spy on users, but concerning US sanctions, it was diplomatically suggested that Huawei simply lacked "cyber security hygiene" and demonstrated incompetence in the assembly of their products. This led to the US escorting Huawei out the door back in May, and other countries have become uncomfortable with Huawei as a result.
Here's the thing. Not all countries found compelling reasons to ban Huawei or even to place restrictions. Japan and Australia sided with the US in the notion that Huawei's engineering poses risks that are too serious to allow further trade within those jurisdictions. Other countries such as the UK have made it abundantly clear that there's insufficient evidence of incompetence or foul play and have allowed the Chinese OEM to go about their business as usual. Some of the paranoia seems to stem from Huawei's history of furnishing surveillance equipment to other countries for independent reasons not related to an underlying agenda within Huawei itself. It's possible that US officials overreacted just a touch.
Whatever the case may be, Huawei will soon be allowed to continue their course in the US with specially approved licenses. US officials have noted that no US government agency will be allowed to work with any company or vendor that's involved with Huawei, so we're not clear on how that will affect Huawei's connection to mainstream carriers such as T-Mobile and Verizon. We're confident, however, that Huawei's products should continue to seat themselves and receive support in markets all over the world. If the US is lightening up, then other countries may ease up as well, and the financial impact of this fiasco may not inhibit the company's ability to provide the handsets that they're famous for.
Let's condense our talking points into some quick notes:
- The Huawei ban in the US isn't fully lifted and might never be, but it's a positive step for individuals all over the world who were either concerned about using Huawei products or whether they'd be able to purchase them again
- The US recently relaxed their stranglehold on Huawei by allowing case-by-case permissions to sell hardware to the manufacturer provided it doesn't "threaten national security"
- Huawei is slowly being allowed to buy, implement and sell technology again on a global basis, which could prove beneficial in all countries where Huawei's products are involved, including India
It's worth noting that legal precedents are set when a prominent country adopts new laws restricting what people are allowed to do. The global impact on Huawei might not be what it is now had the US not made the scene that it did. It's not for us to say whether it was justified or not; it's quite possible that Huawei decided to clean up their act if it's true that their products were riddled with holes. In any case, this u-turn could prove beneficial in other countries such as India where questions may have been raised by governing powers as well as citizens concerning the safety and reliability of Huawei's equipment.
Just as importantly, we may see more 5G towers crop up around the world thanks to improved confidence in Huawei, and assuming their security measures are sound, that can only benefit the consumer given reports of 5G's terrible coverage and penetration at the moment.