China's telecommunications giant will account for 14 per cent of the market this year and then drop to less than a third of that, TrendForce researchers said Tuesday
Partner Taiwan Semiconductor Manufacturing began ramping up output in late 2019 of Huawei's 7-nanometer Tiangang communications chips, the most crucial element in 5G base stations
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The British government announced Tuesday that Huawei Technologies Ltd. would be excluded from work on the network because US sanctions made it impossible to ensure the safety of equipment
The decision was taken at a meeting of the UK's National Security Council (NSC) chaired by Prime Minister Boris Johnson
Huawei denies it spies for China and has said the United States wants to frustrate its growth because no US company could offer the same range of technology at a competitive price
Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.3 billion yuan the year before.
The United States has pushed Johnson to reverse his January decision to grant Huawei a limited role in 5G, while London has been dismayed by a crackdown in Hong Kong
The country's commerce department and other agencies have signed off on the rule change
Key US allies in Europe, notably Britain and France, have said they will not ban Huawei from building 5G networks
"There is no discrimination towards Huawei... No, Huawei will not be excluded from the 5G in France," Economy and Finance Minister Bruno Le Maire told BFM TV
US officials have long argued that Huawei is duty-bound by Chinese law to spy on behalf of the country's ruling Communist Party
Google, whose services are banned in China, earned about $8.8 billion globally from the Play store in 2019
"Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power," Bill Barr said
"We have now decided, as a result of the EU (recommendations) and the UK govt's decision, to take out Huawei equipment from the core," Vodafone CEO Nick Read said in its third quarter.
London's decision, following a meeting of the National Security Council chaired by Prime Minister Boris Johnson, came shortly after Brussels said it would allow Huawei a limited 5G role in the EU
The European Commission, the EU's executive arm, will officially unveil its recommendations on Wednesday
Sources said both Airtel and Vodafone have also joined ZTE, Nokia and Ericsson, apart from Huawei, for conducting the 5G trials
SJM's co-convener Ashwani Mahajan said the organisation has made representations to the DoT cautioning and alerting it of "various threats Huawei brings in".