Huawei, the Chinese telecoms giant, is a key provider of telecoms and cloud infrastructure throughout the world. Huawei has also long been suspected of allowing the Chinese government to use its equipment to spy on foreign governments and companies, which Huawei has always denied. As a result, it faces bans and sanctions in much of the West, to the point that Huawei’s earnings plummeted in 2021, forcing a change in business strategy that seeks new markets where such fears are harder to realise and a doubling-down in markets like the Middle East and Southeast Asia that have not shared the concerns over potential spying.
