The US State Department warned the UK about the long-term impact of doing business with Huawei after a local council approved the latter's $1.24 billion chip research and manufacturing facility in Cambridgeshire.
Less than 24 hours after district councilors of South Cambridgeshire voted nine to one in favor of the facility, the US State Department repeated warnings that Huawei is linked to the Chinese Communist Party (CCP) and poses a national security threat.
Calling Huawei an "untrusted company," the US warned all countries, particularly its allies and partners like the United Kingdom, that Huawei is an "untrusted" company and should not be given access to sensitive information.
The US claimed that the CCP acquires technology and intellectual property through collaboration, deception, and joint research, investment, and outright theft.
Experts believe that Huawei would be forced to hand over network data to the Chinese government if asked due to the country's espionage and national security laws.
Huawei has denied accusations that it passes data to Beijing, claiming that it operates independently.
Former UK prime minister Tony Blair said that his country would ultimately side with the US over Huawei.
Huawei plans to employ 300 to 400 people at the lab, which would be used to develop and manufacture optoelectronic chips and other equipment that hastens internet data transmission.


Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions
Treasury Buyback Fails to Cool Long-Term Yields
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise
Finland Raises 2026 Growth Forecast as Exports and Investment Surge
UK Wage Growth Slows as BoE Rate Decision Looms
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut
UK Economy Grows 0.4% in July, Beating Forecasts
Central Banks Could Buy 20,000 Tonnes of Gold: BofA
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 



