Menu

Search

  |   Technology

Menu

  |   Technology

Search

Huawei's Covert US Funding Scheme Raises Eyebrows Amid Export Ban

Huawei's covert funding of U.S. research sparks regulatory concerns amid export restrictions.

The revelation of Huawei's discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund scientific competitions and universities, prompting scrutiny over potential national security risks.

Export Ban Repercussions: Huawei's Covert U.S. Funding Triggers Concerns

At this time, Huawei is most likely toying with the Biden administration because, in addition to unveiling its new Kirin 9010, which powers the current Pura 70 flagship series, the corporation was recently discovered to be surreptitiously sponsoring several universities, including Harvard, as per Bloomberg.

In terms of how the money was transmitted to these organizations, Huawei apparently used the services of an independent foundation based in Washington and an alliance to conduct a scientific competition.

Huawei has also been awarded millions of dollars since 2022, and some prominent American scientists have been forbidden from cooperating with the corporation.

She also stated that Optica's board knew of Huawei's involvement and that everyone had approved the agreement. According to Engadget, Kevin Wolf, a partner at the corporate law firm Akin, feels that Huawei's continuous support may result in breakthroughs that provide the corporation and China an advantage over the United States.

James Mulvenon, a defense contractor who has worked on research security issues, says it is unprofessional for such a respected research firm to receive funding from a group that has raised numerous national security concerns with the government.

Regulatory Scrutiny Intensifies: Huawei's Under-the-Radar Research Sponsorship Under Fire

Huawei effectively exploited a loophole in the export embargo by receiving cash for research that would be released, which was not listed in the fine print of the trade restrictions, Wccftech reported. It's also interesting that Optica and its board were aware of Huawei's involvement, yet the former didn't mention that the firm was providing the $1 million in annual rewards to scientists.

Some brightest academic minds have been barred from working with Huawei, but the article does not specify if the United States will take action against Optica.

Photo: Rubaitul Azad/Unsplash

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.