Chinese telecom giant Huawei has revealed plans to spend tens of billions of dollars on technology supplies in Europe over the next five years after being blacklisted in the US.
In an interview with AFP, Huawei explained that the decision was a direct result of Washington banning American companies from selling technology to the group. According to Huawei, there will be consequences for American companies such as Qualcomm, Intel, Micron, and Google. Huawei usually spends over $10 billion a year on semiconductors, spare parts, and services for its smartphones and network equipment.
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