‘We Are Not Law Enforcement:’ FedEx Sues the Commerce Department Over Huawei Export Rules

FedEx Corp, the U.S. courier group credited with spearheading overnight shipping, was christened Federal Express because founder Frederick Smith thought the name sounded patriotic. Now the logistics firm is suing the U.S. government, because it doesn’t want to be responsible for federal work. In a court filing with the District of Columbia, FedEx complained that […]

Is Tech Too Intertwined For Huawei To Fall? — Data Sheet

Good morning. Eamon Barrett, filling in for Adam. Fortune’s inaugural Brainstorm Finance conference kicks off in Montauk today, where big names from big banks will share the stage with crypto-crusaders and fintech innovators. Check in with Fortune for regular updates on the keynotes, beamed in from the Hamptons. But first, let me take you to […]

While the Huawei Ban is Hurting Broadcom and Micron—it May Help Qualcomm and Ericcson

When the U.S. decided to ban Huawei, it was intended as a backhanded slap over claimed security risks, as Fortune has previous reported. But after striking the face of the Chinese telecommunications giant, the impact kept traveling and has hit multiple U.S. firms right in the earnings. The ban–actually, the addition of the company to […]

Huawei Delays Its Foldable Mate X Phone As It Faces a Trifecta of Market Headwinds

If you’re really looking forward to getting your hands on Huawei’s new 5G foldable phone, you’re unfortunately out of luck–the beleaguered Chinese company’s Mate X will be rolled out later rather than sooner. Originally due in mid-2019, the Mate X will only come out in September, corporate communications chief Vincent Pang told Reuters. Pang suggested […]

Behind the Barricades in Hong Kong, a Game of High-Tech Cat and Mouse—Data Sheet

Clay Chandler, filling in for Adam today. I write from Hong Kong where an uneasy calm descended this morning after the Legislative Council announced it will delay debate on a controversial proposal allowing extraditions to China’s mainland. The extradition measure is deeply unpopular here. The artless manner in which Hong Kong’s Beijing-annointed chief secretary Carrie […]

Huawei Strikes a 5G Deal in Russia as the Chinese Tech Giant Remains on U.S. Blacklist

Huawei signed a deal to bring super-fast 5G wireless networks to Russia, signaling that the Chinese tech giant isn’t letting its blacklist status in the U.S. bring down its global business. Russia’s top mobile network, MTS, announced on Wednesday that it had reached an agreement with Huawei to bring 5G technology, the successor to the […]

The Long Winter: Bracing for a Protracted US-China Cold War

Greetings from Hong Kong. Clay Chandler here, filling in for Alan with CEO Daily’s weekly Sino-Saturday edition. The rift between the world’s two largest economies widened further this week: On Friday, China announced plans to create an “unreliable entities list” to ban foreign companies or people who “do not follow market rules, violate the spirit […]

Huawei Wants to Play Nice With Google and Microsoft, But Has Its ‘Last Resort’ Ready

Huawei is an electronics powerhouse that has relied on partnerships with Google and Microsoft to help boost its global business. But the Chinese company must now face the possibility of a future without its American partners. Microsoft removed Huawei laptops from its online store on Friday, marking the latest move against Huawei after it was […]

Data Sheet—How Trump’s China Trade War Is Morphing Into a Tech War

Good morning. Clay Chandler in Hong Kong, filling in for Adam. Shares in Hangzhou Hikvision Digital Technology, the world’s largest manufacturer of surveillance equipment, and rival Zhejiang Dahua Technology tanked on the Shenzhen exchange Wednesday following news that the Trump administration may forbid the companies from buying U.S. technology, adding them to a national security […]

Trump Blacklisted Huawei After China Trade War Negotiations Stalled

The Trump administration held off on blacklisting Huawei Technologies Co. out of concern the move could disrupt trade negotiations with China and only took action after the last round of talks hit an impasse, according to people familiar with the matter. Plans to target the Chinese telecommunications equipment maker over security concerns had been on […]