Huawei to invest $2bn in UK security
Huawei, the Chinese telecommunications firm, has pledged to invest US$2bn into its security systems in the UK.
The financing will be used to overhaul its current systems and practices in the nation, the Financial Times reported.
Executives from the firm met with officials from the Government Communications Headquarters’ (GCHQ) National Cyber Security Centre (NCSC) last week.
SEE ALSO:
-
MoU signed by Audi and Huawei for development of connected vehicles
-
Read the latest issue of Business Chief, Europe edition, here
Huawei is anticipated to write a formal report to the NCSC outlining the agreement and the issues that will be addressed.
“As was made clear in July … the NCSC has concerns around a range of technical issues and has set out improvements the company must make,” an NSCS spokesperson informed CNBC through email.
"The U.K. government and British telecoms operators work with Huawei to manage cyber security risks while ensuring the U.K. can continue to benefit from new technology.”
Security officials in the UK have revealed that any concerns are related to technical deficiencies.
Featured Articles
SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology
Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software
To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI