Samsung Electronics has clinched a $6.6-billion deal with Verizon to help it build 5G networks in the U.S. -- the latest blow to Huawei.
Samsung Electronics has clinched a $6.6-billion deal with Verizon to help it build 5G networks in the U.S., highlighting how the technology group can benefit from the Trump administration’s targeting of China’s Huawei.
The deal comes as the U.S. increases sanctions on Huawei. Washington last month banned sales of any chips using U.S. technology to the Chinese company, hitting Huawei’s 5G equipment and handset businesses. Huawei has struggled to roll out its 5G networks globally as Washington has pressed other countries to follow its lead in freezing out the Chinese company. Under growing U.S. pressure, countries including the U.K. and India are phasing out Huawei equipment from their 5G infrastructure.
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