Bargaining Chip

Huawei, a Chinese company, is the world’s biggest telecommunications manufacturer and a major smartphone company that is at odds with the US. They have been described as a security threat because it is believed that their chip sets allow for Chinese spying on individuals. Sanctions have been imposed. In order to do business with Huawei, Western companies like Google, Intel and Micron must be issued a license.

The company’s chief financial officer, Meng Wanzhou, the daughter of CEO Ren Zhengfei, has been retained by Canada for roughly one year at the request of the US. She is currently waiting for an extradition hearing in the US and remains in house arrest in Vancouver, Canada. Meng faces charges of bank fraud, trade secrets theft and violating US sanctions on Iran.

According to her father, the crisis has drawn him closer to his daughter. Communication has become more frequent and he feels that the struggle may help his daughter’s character, but he says it won’t necessarily land her a promotion.

Source: https://www.cnn.com/2019/12/01/tech/huawei-ceo-ren-zhengfei-daughter/index.html