Chinese high-tech giant Huawei has announced a 3 billion euro investment plan in Italy over the next three years. The objective is to strengthen the footprint in Europe after the disagreements (euphemism) between the giant and the USA.
Huawei, a leader in 5G, the next generation wireless technology, has faced sanctions over doubts about its relationship with the Beijing government, a relationship that the company firmly denies.
Huawei's manager for Italy, Thomas Miao, guarantees in Milan in the presentation conference that the tensions between the USA and China will not affect the company's investments in our country.
“Over the next three years we will invest 1.8 billion to acquire supplies and infrastructure. 1.2 billion in operations and marketing. 52 million in research and development”.
The investment plan will lead to 3000 new jobs: 1000 direct and 2000 in related industries.
At what point is the lawsuit in the world
Despite Trump's softer statements, Huawei is unable to develop 5G networks in the United States and the Trump administration is attempting to convince allied countries to do the same.
Huawei's announcement in Italy seems like a full-blown countermove. In fact, the Italian choice goes hand in hand with the Wall Street Journal news which tell of the intention to cut job roles in the USA to reorganize resources in other countries.
Huawei in Europe
A few days ago the Principality of Monaco became the first country in Europe to inaugurate the next generation Huawei 5G network.
In March theItaly has signed a protocol with China to play a role in the new "Silk Road", the transport and exchange route between Asia and Europe.
With this agreement, Italy became the first G7 country to enter the project which has sparked quite a bit of controversy in both the USA and the EU
Concerns are related to Chinese ambitions to play a hegemonic role on the world chessboard in the coming years.
