Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Pompeo says world should have eyes wide open about Chinese tech risks

Published 03/01/2019, 04:32 AM
Updated 03/01/2019, 04:32 AM
© Reuters. U.S. Secretary of State Mike Pompeo speaks to the media at the Department of Foreign Affairs in Pasay City

MANILA (Reuters) - U.S Secretary of State Mike Pompeo said on Friday that the world should be "eyes wide open" about the risks of using Chinese technology, and that there could be problems for American firms operating in certain places where Huawei equipment was deployed.

Pompeo was asked during a visit to Manila about the prospect of the Philippines using Huawei 5G technology in future as it seeks to modernize outdated telecoms infrastructure.

"Our task has been to share with the world the risks associated with that technology: the risks to the Philippine people, the risk to Philippine security, the risk that America may not be able to operate in certain environments if there is Huawei technology adjacent to that," he told a news conference.

"We want to make sure that the world has their eyes wide open as to the risks of having that technology to be part of infrastructure, backbone or networks."

The U.S. government has been piling pressure on Huawei, the world' s biggest telecommunications equipment maker and trying to prevent American firms from buying Huawei routers and switches, as well as advising allies to do the same.

© Reuters. U.S. Secretary of State Mike Pompeo speaks to the media at the Department of Foreign Affairs in Pasay City

Latest comments

Better to be spied on for the right reasons than the wrong reasons. China, like all communist countries, including communist leaning leaders like Trump, is a nefarious state as one can see from how it treats its own people (Tijannamon Square), how it conducts itself by supporting unrest (Venezuela) and anti-human leaders like Maduro, tricks countries with debt traps, bullies its neighbors, tries to undermine democratic countries like Canada, encourages it's people to commit fraud (Meng W.), persecutes freedom loving people like FalunGong ...
trying to distract the world from the country that spies on its allies and friends??
By switching to Huawei, Philippines may get rid of the wire tapping equipments from US. And then, how can American protect them without knowing them. It is risky...
""Our task has been to share with the world the risks associated with that technology". what has been shared?
USA is the first country, USA has technology for spying other country. and now China become big and has the same technology, so USA hates it and make some bad opinion for China. hahahaha its very funny look uncle sam, uncle sam very scaries with his competitor.
I think you were better off saying your piece in mandarin. And for what its worth, atleast our entriprise isnt state owned. Saying something repeqtedly doesnt make it true.
It makes zero difference. US law requires all American companies to share data with NSA. Too funny you didn’t know that
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.