Tag: invest

Huawei says it plans to invest $3.1 billion in Italy

MILAN, Italy (AFP) — Chinese tech giant Huawei said Monday it plans to invest $3.1 billion (2.75 billion euros) in Italy over three years, as the firm looks to strengthen its foothold in Europe after the US labelled it a major security risk. Huawei — a leader in next-generation 5G wireless technology — is subject to US sanctions over concerns about its ties to the government in Beijing and Washington has urged allies to shun […]