Huawei Reduced U.S. Market Focus

Huawei Technology Co Ltd (SHE:002502) made its name selling telecom equipment, and specializes in building the routers and switches needed for national communication systems. But it’s been unable to crack the U.S. hardware market, with several attempts falling foul of regulators. Huawei’s ultimate goal was to sell its equipment to American providers like AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ)– a lucrative business with the potential to boost profits. However, Trade protectionism and phobia pushed Huawei Technology Co Ltd (SHE:002502) to reduce its focus on the U.S. market earlier this year, which has proven to be a “commercial disappointment”…