Huawei, Intel expand tie-up amid China’s rising scrutiny of U.S. tech firms
March 5, 2015
Grazed from BusinessInsider. Author: Paul Carsten.
China’s Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland market. The partnership, announced by Huawei in a statement, comes as U.S and other Western tech firms’ scramble to burnish their bona fides with China, which has become increasingly wary of foreign technology.
Joining hands with Chinese companies, including technology transfers and adopting Chinese partners’ branding, can make these products more palatable to local buyers and authorities in the world’s second-largest economy. "How do you stay in this market and do the least damage to your core business – that’s the puzzle everybody is focusing on now," said James McGregor, chairman for advisory firm APCO China…