Huawei’s Norway office image : Huawei

Huawei is said to be planning a revamp of its global software systems in response to increasing fears of its wireless equipment being at risk of tampering and hacking. Bloomberg reports this citing people familiar with the matter and states of the company planning to put in at least $2 billion into transforming the way it develops software.

The Chinese telecom giant is facing a crucial moment following the arrest of its CFO Wanzhou Meng in Canada on the 1st of December following allegations that the company violated U.S. trade sanctions with Iran. Meng is notably the daughter of Huawei founder Ren Zhengfei, an ex-People’s Liberation Army officer who has led the company since its founding in 1987.

image : Huawei

Also marking a crucial point is that Huawei has positioned itself with lots of research & development into 5G technology and is getting ready for huge equipment orders from phone companies as the transition to 5G stands imminent. Western governments are concerned that Huawei’s equipment could be used as a Trojan horse by Chinese intelligence, having faced allegations of ties to the Chinese government which the company has denied.

Huawei has been banned in the U.S., Australia and New Zealand due to this concerns. Bloomberg reports the company would continue to boost its cybersecurity operations until security concerns involving its telecom equipment are relieved.

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