US Vice President Mike Pence and the top White House economic adviser on Friday dismissed a suggestion from US Attorney General William Barr that the US should consider taking control of two major foreign rivals of China-based Huawei Technologies Co (華為).
Barr, a former general counsel at Verizon Communications Inc, on Thursday said that the US and its allies should consider taking a “controlling stake” in Finland’s Nokia Oyj and Sweden’s Ericsson AB to counter Huawei’s dominance in next-generation 5G wireless technology.
White House economic adviser Larry Kudlow on Friday said that the US was working closely with Nokia and Ericsson and the companies’ equipment was essential to the buildout of 5G infrastructure.
However, the “US government is not in the business of buying companies, whether they’re domestic or foreign,” Kudlow said, adding that “there’s nothing to prohibit American tech companies from acquiring” them.
Pence earlier in the day had suggested an alternative approach when asked by CNBC for his response.
“Great respect to Attorney General Barr, but we believe the best way forward is what Ajit Pai announced just over the last several days,” Pence said, referring to the US Federal Communications Commission chairman’s efforts to free up more spectrum for 5G wireless use.
“That’s the plan the president has endorsed and will be carrying forward,” Pence said, adding that the US can expand 5G “by using the power of the free market and American companies.”
Nokia and Ericsson have a combined market capitalization of about US$53 billion.
Barr said in a statement on Thursday that the alignment with Nokia and/or Ericsson could take place “through American ownership of a controlling stake, either directly or through a consortium of private American and allied companies.”
“Putting our large market and financial muscle behind one or both of these firms would make it a far more formidable competitor and eliminate concerns over its staying power, or their staying power,” he said.
“We and our closest allies certainly need to be actively considering this approach,” Barr added.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and